Triad Wealth Partners LLC Buys New Shares in Mastercard Incorporated (NYSE:MA)

Triad Wealth Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, Holdings Channel reports. The firm acquired 1,932 shares of the credit services provider’s stock, valued at approximately $1,017,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Bank of Montreal Can boosted its position in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC lifted its stake in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after buying an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its stake in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after buying an additional 409,334 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $554.88 on Wednesday. The firm has a 50 day simple moving average of $544.12 and a 200 day simple moving average of $519.37. The company has a market cap of $505.89 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Mastercard announced that its board has approved a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price for the company in a research report on Friday, January 31st. Four 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.