Mastercard Incorporated (NYSE:MA) Holdings Boosted by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 332,955 shares of the credit services provider’s stock after buying an additional 3,706 shares during the quarter. Mastercard comprises about 2.5% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 8th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Mastercard were worth $175,324,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd raised its position in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the period. Cardano Risk Management B.V. boosted its holdings in Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after buying an additional 9,611 shares in the last quarter. Sarasin & Partners LLP lifted its stake in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after buying an additional 100,550 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.2 %

MA stock opened at $527.02 on Thursday. The company has a market capitalization of $483.72 billion, a P/E ratio of 39.87, a PEG ratio of 2.10 and a beta of 1.10. The firm has a 50 day simple moving average of $524.16 and a 200-day simple moving average of $496.01. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $537.70.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.39 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard announced that its board has authorized a stock repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio is 23.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MA shares. Morgan Stanley boosted their price target on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lifted their price objective on Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Macquarie lifted their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 target price (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.