Mastercard Incorporated (NYSE:MA) Shares Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,002 shares of the credit services provider’s stock after purchasing an additional 1,528 shares during the period. Mastercard makes up 1.0% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 21st largest holding. Tyche Wealth Partners LLC’s holdings in Mastercard were worth $4,740,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC raised its position in shares of Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after buying an additional 19 shares in the last quarter. Goldstein Advisors LLC grew its position in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. Community Bank N.A. lifted its stake in Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after acquiring an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in shares of Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after buying an additional 20 shares during the last quarter. Finally, Boltwood Capital Management raised its stake in Mastercard by 1.0% during the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock valued at $1,082,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler restated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, UBS Group raised their price objective on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Stock Up 1.2 %

MA stock opened at $566.05 on Thursday. The firm has a 50 day moving average of $529.65 and a 200 day moving average of $503.41. The stock has a market capitalization of $519.53 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94.

Mastercard (NYSE:MA) last posted its 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 net margin of 45.71% and a return on equity of 188.47%. Sell-side analysts forecast that Mastercard Incorporated will post 16.04 earnings per share for the current year.

Mastercard declared that its board has approved a share repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently announced 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 is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is presently 21.89%.

About Mastercard

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.