Quantum Private Wealth LLC Has $2.70 Million Holdings in Mastercard Incorporated (NYSE:MA)

Quantum Private Wealth LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,122 shares of the credit services provider’s stock after selling 209 shares during the quarter. Mastercard accounts for about 0.9% of Quantum Private Wealth LLC’s portfolio, making the stock its 20th largest position. Quantum Private Wealth LLC’s holdings in Mastercard were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. International Assets Investment Management LLC grew its holdings in Mastercard by 120,665.3% during the third 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 purchasing an additional 8,035,099 shares during the period. Bank of Montreal Can boosted its position 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 worth $2,846,187,000 after purchasing an additional 1,965,782 shares in the last quarter. FMR LLC increased its position in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 2.5% during 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 buying an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. raised 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 worth $573,017,000 after buying an additional 409,334 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MA. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Oppenheimer cut their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. TD Cowen increased their price objective 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. KeyCorp boosted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Performance

MA opened at $564.77 on Friday. 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 12-month low of $428.86 and a 12-month high of $576.94. The business has a 50 day moving average of $535.49 and a 200-day moving average of $509.54. The stock has a market cap of $518.36 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) 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, equities research analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Announces Dividend

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

Mastercard declared that its Board of Directors has authorized a share buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.