Accelerate Investment Advisors LLC Increases Holdings in Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Accelerate Investment Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 470 shares of the credit services provider’s stock after buying an additional 45 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Mastercard were worth $248,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake 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 period. Bank of Montreal Can boosted its stake in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. FMR LLC grew its holdings in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC increased its stake in shares of Mastercard by 2.5% during 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 in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after purchasing an additional 409,334 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Morgan Stanley upped their target price on shares of Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Susquehanna increased their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $566.13.

View Our Latest Stock Report on Mastercard

Mastercard Price Performance

NYSE:MA traded up $0.14 on Monday, reaching $504.81. 1,773,780 shares of the company’s stock traded hands, compared to its average volume of 2,364,579. The stock has a 50-day simple moving average of $524.09 and a 200-day simple moving average of $492.31. Mastercard Incorporated has a 12 month low of $425.48 and a 12 month high of $537.70. The firm has a market cap of $463.33 billion, a PE ratio of 38.19, a P/E/G ratio of 2.36 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the firm earned $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Mastercard declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Mastercard Company Profile

(Free Report)

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.

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