Savant Capital LLC Has $13.73 Million Stock Position in Mastercard Incorporated $MA

Savant Capital LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,130 shares of the credit services provider’s stock after purchasing an additional 2,604 shares during the period. Savant Capital LLC’s holdings in Mastercard were worth $13,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. LGT Financial Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the second quarter valued at approximately $29,000. IMG Wealth Management Inc. acquired a new position in shares of Mastercard in the second quarter valued at $31,000. Robbins Farley raised its stake in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. TD Cowen upped their price target on Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Truist Financial set a $609.00 price objective on Mastercard in a research note on Tuesday, January 20th. Tigress Financial lifted their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, Morgan Stanley upped their target price on shares of Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $669.18.

Mastercard Price Performance

Shares of MA opened at $552.82 on Thursday. The stock’s 50-day moving average price is $555.18 and its two-hundred day moving average price is $564.40. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a market cap of $496.43 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business posted $3.82 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts predict 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 issued a dividend of $0.87 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 21.07%.

Mastercard Company Profile

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.