DeDora Capital Inc. Sells 66 Shares of Mastercard Incorporated (NYSE:MA)

DeDora Capital Inc. lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,606 shares of the credit services provider’s stock after selling 66 shares during the quarter. DeDora Capital Inc.’s holdings in Mastercard were worth $2,425,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter valued at $25,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter worth about $39,000. FSA Wealth Management LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $54,000. Raelipskie Partnership lifted its holdings in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $55,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MA shares. Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Oppenheimer lowered their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Piper Sandler restated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Macquarie raised their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Down 0.3 %

NYSE:MA opened at $564.77 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The stock has a market capitalization of $518.36 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The company’s 50-day simple moving average is $534.76 and its 200-day simple moving average is $508.68.

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 analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its board has authorized a share repurchase 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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are 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.