Fairhaven Wealth Management LLC Has $4.87 Million Holdings in Mastercard Incorporated (NYSE:MA)

Fairhaven Wealth Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,255 shares of the credit services provider’s stock after buying an additional 27 shares during the quarter. Mastercard comprises 1.5% of Fairhaven Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Fairhaven Wealth Management LLC’s holdings in Mastercard were worth $4,873,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $30,000. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at approximately $39,000. FPC Investment Advisory Inc. lifted its stake in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard during the 3rd quarter worth $54,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

NYSE:MA opened at $558.44 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $509.13 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company’s 50-day moving average price is $539.55 and its two-hundred day moving average price is $514.96.

Mastercard (NYSE:MA) last released its quarterly 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 return on equity of 188.47% and a net margin of 45.71%. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm 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 $0.76 dividend. 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 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding 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 often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Raymond James reaffirmed an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Barclays upped their price target on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $606.11.

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.