Mastercard Incorporated (NYSE:MA) Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,894 shares of the credit services provider’s stock after purchasing an additional 177 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Mastercard were worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC boosted its stake in Mastercard by 8.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,804 shares of the credit services provider’s stock worth $5,162,000 after purchasing an additional 736 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in Mastercard by 12.3% during the 4th quarter. Capital Advisors Inc. OK now owns 1,400 shares of the credit services provider’s stock worth $737,000 after purchasing an additional 153 shares during the last quarter. Indiana Trust & Investment Management Co raised its holdings in shares of Mastercard by 28.2% during the 4th quarter. Indiana Trust & Investment Management Co now owns 2,589 shares of the credit services provider’s stock worth $1,363,000 after acquiring an additional 570 shares during the period. Schear Investment Advisers LLC purchased a new position in shares of Mastercard during the 4th quarter worth $201,000. Finally, Sather Financial Group Inc boosted its position in shares of Mastercard by 0.3% during the 4th quarter. Sather Financial Group Inc now owns 97,902 shares of the credit services provider’s stock valued at $51,552,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Susquehanna boosted their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Mizuho boosted their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Raymond James reissued an “outperform” rating and set a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, BMO Capital Markets boosted their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $603.08.

Mastercard Stock Down 0.1 %

MA stock opened at $564.33 on Thursday. The company’s 50 day moving average price is $533.07 and its 200 day moving average price is $507.89. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The firm has a market capitalization of $517.96 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard declared that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

About Mastercard

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.