Burney Co. Has $15.34 Million Stake in Mastercard Incorporated $MA

Burney Co. increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 181.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,967 shares of the credit services provider’s stock after purchasing an additional 17,386 shares during the quarter. Burney Co.’s holdings in Mastercard were worth $15,339,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Orange Investment Advisors Inc. boosted its stake in shares of Mastercard by 2.5% during the 3rd quarter. Orange Investment Advisors Inc. now owns 1,111 shares of the credit services provider’s stock valued at $632,000 after buying an additional 27 shares during the period. Nvwm LLC raised its holdings in shares of Mastercard by 0.4% during the third quarter. Nvwm LLC now owns 6,704 shares of the credit services provider’s stock worth $3,814,000 after acquiring an additional 26 shares in the last quarter. Greenup Street Wealth Management LLC boosted its position in Mastercard by 558.0% during the third quarter. Greenup Street Wealth Management LLC now owns 2,540 shares of the credit services provider’s stock valued at $1,445,000 after purchasing an additional 2,154 shares during the last quarter. Asio Capital LLC grew its stake in Mastercard by 6.9% in the third quarter. Asio Capital LLC now owns 386 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 25 shares in the last quarter. Finally, Custos Family Office LLC increased its position in Mastercard by 16.6% in the 3rd quarter. Custos Family Office LLC now owns 624 shares of the credit services provider’s stock worth $355,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $579.61 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The firm has a fifty day simple moving average of $555.62 and a 200-day simple moving average of $565.84. The stock has a market capitalization of $520.49 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.28 and a beta of 0.87. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. Mastercard’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $3.89 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Tigress Financial lifted their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Macquarie lifted their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, UBS Group upped their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $657.48.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.