Perfromance Wealth Partners LLC Has $449,000 Holdings in Mastercard Incorporated (NYSE:MA)

Perfromance Wealth Partners LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 853 shares of the credit services provider’s stock after selling 45 shares during the period. Perfromance Wealth Partners LLC’s holdings in Mastercard were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter worth about $34,000. First Personal Financial Services bought a new stake in Mastercard during the 3rd quarter worth about $39,000. Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Mastercard during the 3rd quarter worth about $54,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on MA. 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 report on Thursday, December 19th. Mizuho increased their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Robert W. Baird increased 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. Finally, Barclays increased their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Trading Up 0.6 %

NYSE:MA opened at $527.84 on Wednesday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $537.70. The stock has a market cap of $484.47 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a 50-day moving average price of $524.19 and a 200-day moving average price of $495.46. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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 net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $3.39 EPS. Mastercard’s revenue was up 12.8% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

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.