Mastercard Incorporated (NYSE:MA) Shares Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the credit services provider’s stock after purchasing an additional 33 shares during the period. Regatta Capital Group LLC’s holdings in Mastercard were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard in the second quarter valued at $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter worth $39,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in Mastercard in the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE MA opened at $533.50 on Friday. The stock’s 50 day simple moving average is $524.77 and its 200 day simple moving average is $497.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a one year low of $428.86 and a one year high of $537.70. The firm has a market cap of $489.66 billion, a PE ratio of 40.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $3.39 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard announced that its board has approved a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is 23.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird increased their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group raised their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp increased their price objective on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, TD Cowen boosted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $567.29.

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.