Vivid Wealth Management LLC Sells 109 Shares of Mastercard Incorporated (NYSE:MA)

Vivid Wealth Management LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021 shares of the credit services provider’s stock after selling 109 shares during the period. Vivid Wealth Management LLC’s holdings in Mastercard were worth $538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hickory Asset Management Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at $1,053,000. Aveo Capital Partners LLC lifted its stake in Mastercard by 93.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,473 shares of the credit services provider’s stock worth $1,302,000 after purchasing an additional 1,197 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Mastercard by 1.3% in the 4th quarter. Manchester Capital Management LLC now owns 4,856 shares of the credit services provider’s stock worth $2,557,000 after purchasing an additional 61 shares in the last quarter. WealthPlan Investment Management LLC lifted its stake in Mastercard by 1.3% in the 4th quarter. WealthPlan Investment Management LLC now owns 19,076 shares of the credit services provider’s stock worth $10,045,000 after purchasing an additional 249 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in Mastercard by 3.2% in the 4th quarter. PineStone Asset Management Inc. now owns 1,187,820 shares of the credit services provider’s stock worth $625,470,000 after purchasing an additional 37,370 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA opened at $564.77 on Friday. The company has a market capitalization 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 Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The firm’s 50-day moving average is $534.76 and its 200 day moving average is $508.68. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. Research analysts predict that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 is currently 21.89%.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on the stock. KeyCorp boosted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Mizuho boosted their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Tigress Financial boosted their price target on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.