Cadinha & Co. LLC Has $980,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Cadinha & Co. LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,861 shares of the credit services provider’s stock after selling 34 shares during the quarter. Cadinha & Co. LLC’s holdings in Mastercard were worth $980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter worth $34,000. First Personal Financial Services bought a new stake in shares of Mastercard during the 3rd quarter worth $39,000. Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the 3rd 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 last quarter. Finally, FSA Wealth Management LLC bought a new position in Mastercard in the 3rd quarter worth $54,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.4 %

MA stock opened at $525.22 on Friday. The business has a fifty day moving average of $524.28 and a 200-day moving average of $494.24. The company has a market cap of $482.06 billion, a P/E ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $427.45 and a twelve month high of $537.70. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Mastercard announced that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MA shares. Jefferies Financial Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. KeyCorp boosted their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Mizuho lifted their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $566.63.

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.