Burr Financial Services LLC Has $1.05 Million Position in Mastercard Incorporated (NYSE:MA)

Burr Financial Services LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,989 shares of the credit services provider’s stock after selling 60 shares during the quarter. Mastercard comprises about 0.7% of Burr Financial Services LLC’s portfolio, making the stock its 15th biggest position. Burr Financial Services LLC’s holdings in Mastercard were worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of 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 valued at $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. FMR LLC raised its position in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 2.5% in 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 purchasing an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its stake in Mastercard by 52.8% during 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 purchasing an additional 409,334 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MA. Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. BMO Capital Markets upped their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Barclays lifted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Price Performance

Shares of NYSE MA opened at $527.02 on Thursday. The company has a 50 day simple moving average of $524.27 and a two-hundred day simple moving average of $496.23. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $537.70. The company has a market capitalization of $483.72 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

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

Mastercard Increases Dividend

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

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.