Blake Schutter Theil Wealth Advisors LLC Sells 825 Shares of Mastercard Incorporated (NYSE:MA)

Blake Schutter Theil Wealth Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 64.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 459 shares of the credit services provider’s stock after selling 825 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in Mastercard were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Barings LLC boosted its holdings in shares of Mastercard by 8.6% in the fourth quarter. Barings LLC now owns 607 shares of the credit services provider’s stock worth $320,000 after acquiring an additional 48 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Mastercard by 1.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 31,135 shares of the credit services provider’s stock worth $16,395,000 after purchasing an additional 300 shares during the period. Amundi grew its holdings in Mastercard by 13.1% during the 4th 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 in the last quarter. Naviter Wealth LLC increased its position in shares of Mastercard by 19.7% during the fourth quarter. Naviter Wealth LLC now owns 8,194 shares of the credit services provider’s stock valued at $4,315,000 after buying an additional 1,347 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Mastercard in the fourth quarter worth about $72,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Susquehanna increased their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Tigress Financial boosted their target price on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 13th. Finally, UBS Group upped their target price on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

MA stock opened at $546.98 on Friday. The firm has a 50-day moving average of $545.15 and a 200 day moving average of $520.77. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $498.68 billion, a P/E ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA) last released its quarterly earnings results 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%. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Mastercard Announces Dividend

The firm 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 dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard Company 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.