Mastercard Incorporated (NYSE:MA) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,351 shares of the credit services provider’s stock after buying an additional 733 shares during the period. Mastercard makes up approximately 0.5% of Atria Investments Inc’s holdings, making the stock its 28th largest position. Atria Investments Inc’s holdings in Mastercard were worth $42,837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MA. Bank of Montreal Can grew its stake in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the period. FMR LLC lifted its holdings in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC grew its position in Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its stake in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after buying an additional 409,334 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MA. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

MA stock opened at $554.88 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average price is $544.12 and its 200 day moving average price is $519.37. The firm has a market cap of $505.89 billion, a P/E ratio of 39.95, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a stock repurchase plan 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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 dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard Company 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.