Oak Ridge Investments LLC Grows Stock Position in Mastercard Incorporated $MA

Key Points

• Oak Ridge Investments increased its stake in Mastercard by 7.7% in Q4 to 42,168 shares worth $24.07 million, making Mastercard about 1.5% of the firm's holdings and its 12th-largest position.
• Mastercard reported strong Q results, with EPS $4.76 beating estimates of $4.24 and revenue of $8.81 billion (up 17.5% YoY), and announced a quarterly dividend of $0.87 per share (annualized $3.48, yield 0.7%, ex-dividend April 9).
• Analysts are largely bullish—most ratings are Buy/Strong Buy (average target price $664.40)—and the stock trades with a market cap of about $453.2 billion and a P/E near 30.8.

Oak Ridge Investments LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,168 shares of the credit services provider's stock after purchasing an additional 3,029 shares during the quarter. Mastercard makes up approximately 1.5% of Oak Ridge Investments LLC's holdings, making the stock its 12th biggest position. Oak Ridge Investments LLC's holdings in Mastercard were worth $24,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cove Private Wealth LLC increased its position in shares of Mastercard by 0.7% during the 4th quarter. Cove Private Wealth LLC now owns 7,928 shares of the credit services provider's stock valued at $4,526,000 after purchasing an additional 54 shares during the last quarter. Optima Capital LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $97,000. Assetmark Inc. increased its holdings in Mastercard by 4.5% in the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider's stock worth $130,902,000 after acquiring an additional 9,795 shares in the last quarter. Rede Wealth LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $693,000. Finally, Tower View Wealth Management LLC increased its holdings in Mastercard by 2.8% in the 4th quarter. Tower View Wealth Management LLC now owns 724 shares of the credit services provider's stock worth $413,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 1.9%

Shares of MA opened at $508.19 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a 50 day simple moving average of $512.53 and a two-hundred day simple moving average of $541.18. The firm has a market cap of $453.20 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the firm posted $3.82 EPS. The company's revenue was up 17.5% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MA shares. Cantor Fitzgerald raised shares of Mastercard to a "strong-buy" rating in a report on Tuesday, January 27th. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a report on Wednesday, January 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $739.00 target price on shares of Mastercard in a report on Thursday, January 29th. Wolfe Research reissued an "outperform" rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Truist Financial set a $611.00 target price on shares of Mastercard in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $664.40.

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.

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