Lake Street Advisors Group LLC Purchases 98 Shares of Mastercard Incorporated (NYSE:MA)

Lake Street Advisors Group LLC raised its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,863 shares of the credit services provider’s stock after acquiring an additional 98 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Mastercard were worth $5,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $30,000. First Personal Financial Services bought a new position in Mastercard in the third quarter worth approximately $39,000. FPC Investment Advisory Inc. boosted its stake in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring 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 valued at $54,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler restated an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Up 1.0 %

Shares of NYSE MA opened at $564.68 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The firm’s 50-day moving average price is $540.22 and its 200-day moving average price is $515.72. The stock has a market capitalization of $514.82 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Mastercard Incorporated will post 15.91 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. Investors of record on Wednesday, April 9th will be given 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 yield of 0.54%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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.