LFA Lugano Financial Advisors SA Makes New Investment in Mastercard Incorporated (NYSE:MA)

LFA Lugano Financial Advisors SA bought a new position in Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64 shares of the credit services provider’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hibernia Wealth Partners LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 1st quarter worth approximately $25,000. Bollard Group LLC purchased a new position in Mastercard in the 2nd quarter worth approximately $29,000. Barometer Capital Management Inc. purchased a new position in Mastercard in the 3rd quarter worth approximately $36,000. Finally, Mascoma Wealth Management LLC purchased a new position in Mastercard in the 3rd quarter worth approximately $38,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Mizuho reissued a “buy” rating and set a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Raymond James boosted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Oppenheimer restated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $479.62.

Get Our Latest Stock Analysis on Mastercard

Mastercard Trading Down 0.7 %

Shares of NYSE:MA opened at $478.40 on Tuesday. The business’s 50-day moving average is $466.08 and its 200 day moving average is $427.44. Mastercard Incorporated has a 1 year low of $355.97 and a 1 year high of $490.00. The firm has a market capitalization of $446.29 billion, a P/E ratio of 40.44, a P/E/G ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the company posted $2.65 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 5th that allows the company to buyback $11.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,628 shares of company stock valued at $23,309,067. Company insiders own 0.13% of the company’s stock.

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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