Werba Rubin Papier Wealth Management Sells 27 Shares of Mastercard Incorporated (NYSE:MA)

Werba Rubin Papier Wealth Management decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,816 shares of the credit services provider’s stock after selling 27 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Mastercard were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares during the last quarter. FMR LLC lifted its position in 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 acquiring an additional 700,769 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mastercard by 2.5% in the third 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 purchasing an additional 453,773 shares during the last quarter. International Assets Investment Management LLC boosted its position in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after buying an additional 304,293 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.6 %

MA stock opened at $567.90 on Wednesday. The company has a market capitalization of $521.24 billion, a P/E ratio of 40.89, a PEG ratio of 2.37 and a beta of 1.10. The firm has a 50 day simple moving average of $537.10 and a 200-day simple moving average of $511.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. 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 0.54%. Mastercard’s payout ratio is currently 21.89%.

Mastercard declared that its board has initiated a stock buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MA shares. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research report on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Macquarie raised their price target on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Royal Bank of Canada lifted 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. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.