Koshinski Asset Management Inc. Purchases 166 Shares of Mastercard Incorporated (NYSE:MA)

Koshinski Asset Management Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,922 shares of the credit services provider’s stock after purchasing an additional 166 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Mastercard were worth $2,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Wealthquest Corp raised its holdings in shares of Mastercard by 3.5% in the 4th quarter. Wealthquest Corp now owns 655 shares of the credit services provider’s stock valued at $345,000 after purchasing an additional 22 shares in the last quarter. Cove Private Wealth LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $1,584,000. Zhang Financial LLC raised its stake in Mastercard by 5.4% in the fourth quarter. Zhang Financial LLC now owns 1,730 shares of the credit services provider’s stock worth $911,000 after buying an additional 89 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Mastercard by 1.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 11,176 shares of the credit services provider’s stock valued at $5,885,000 after acquiring an additional 136 shares in the last quarter. Finally, Guinness Asset Management LTD increased its holdings in shares of Mastercard by 9.9% in the 4th quarter. Guinness Asset Management LTD now owns 90,678 shares of the credit services provider’s stock valued at $47,746,000 after acquiring an additional 8,180 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.4 %

Mastercard stock opened at $525.22 on Tuesday. The business’s 50-day moving average price is $524.28 and its 200 day moving average price is $494.92. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $482.06 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $427.45 and a 52 week high of $537.70.

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

Mastercard declared that its Board of Directors has initiated a share 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Mastercard Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MA shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 price objective on shares of Mastercard in a research report on Thursday, November 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.