M. Kulyk & Associates LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

M. Kulyk & Associates LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,015 shares of the credit services provider’s stock after buying an additional 79 shares during the quarter. M. Kulyk & Associates LLC’s holdings in Mastercard were worth $2,114,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Argentarii LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $641,000. OFI Invest Asset Management purchased a new position in Mastercard during the fourth quarter valued at approximately $60,699,000. Barings LLC increased its holdings in Mastercard by 8.6% during the fourth quarter. Barings LLC now owns 607 shares of the credit services provider’s stock valued at $320,000 after buying an additional 48 shares during the period. Atlantic Union Bankshares Corp increased its holdings in Mastercard by 1.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 31,135 shares of the credit services provider’s stock valued at $16,395,000 after buying an additional 300 shares during the period. Finally, Amundi increased its holdings in Mastercard by 13.1% during the fourth quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock valued at $2,532,541,000 after buying an additional 565,717 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. UBS Group lifted their price target on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Macquarie lifted their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. KeyCorp lifted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, TD Cowen boosted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Trading Down 0.5 %

Shares of Mastercard stock opened at $546.98 on Friday. The firm has a 50-day simple moving average of $545.15 and a two-hundred day simple moving average of $520.77. The company has a market cap of $498.68 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.