Mastercard Incorporated (NYSE:MA) Holdings Cut by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,780 shares of the credit services provider’s stock after selling 1,155 shares during the period. Mastercard comprises approximately 1.2% of Kintegral Advisory LLC’s holdings, making the stock its 10th largest holding. Kintegral Advisory LLC’s holdings in Mastercard were worth $13,048,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter valued at approximately $25,000. First Personal Financial Services bought a new stake in Mastercard during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $54,000. Raelipskie Partnership grew its stake in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after buying an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Mastercard in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent research reports. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Susquehanna upped their price target on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley cut their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Down 1.0 %

Shares of Mastercard stock opened at $557.44 on Friday. The firm has a market cap of $508.22 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.37 and a beta of 1.10. The business has a 50-day moving average price of $538.98 and a 200-day moving average price of $513.33. The company has a quick ratio of 1.03, a current 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 quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its board has approved a stock buyback 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 buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.