Third View Private Wealth LLC Takes $1.69 Million Position in Mastercard Incorporated $MA

Key Points

• Third View Private Wealth LLC established a new position in Mastercard (NYSE:MA), purchasing 2,954 shares (~$1.69 million) in the fourth quarter.
• Mastercard beat Q4 EPS ($4.76 vs. $4.24) with revenue up 17.5% YoY to $8.81 billion and strong profitability, and analysts maintain a Buy consensus with an average price target of $664.40.
• The company announced a quarterly dividend of $0.87 (annualized $3.48, 0.7% yield); the stock has a market cap of ~$453.2 billion, a P/E of 30.76, and 97.28% of shares are held by institutional investors.

Third View Private Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,954 shares of the credit services provider's stock, valued at approximately $1,686,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Robbins Farley raised its stake in 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. Brady Martz Wealth Solutions LLC raised its stake in Mastercard by 2.2% in the third quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider's stock valued at $479,000 after purchasing an additional 18 shares in the last quarter. Alpine Bank Wealth Management grew its position in Mastercard by 1.0% during the third quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider's stock valued at $1,034,000 after acquiring an additional 18 shares during the last quarter. Zullo Investment Group Inc. grew its position in Mastercard by 1.7% during the third quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider's stock valued at $621,000 after acquiring an additional 18 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock valued at $61,000 after acquiring an additional 18 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.9%

Shares of Mastercard stock opened at $508.19 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The stock has a market capitalization of $453.20 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 1.60 and a beta of 0.83. The company's 50 day moving average price is $512.53 and its 200-day moving average price is $541.18.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) 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 firm had revenue of $8.81 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the business earned $3.82 earnings per share. The business's revenue was up 17.5% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard's dividend payout ratio (DPR) is currently 21.07%.

Wall Street Analyst Weigh In

A number of research analysts have commented on MA shares. Loop Capital started coverage on shares of Mastercard in a research report on Tuesday, March 31st. They set a "buy" rating and a $631.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $685.00 to $655.00 and set an "overweight" rating on the stock in a research report on Friday, January 30th. Bank of America started coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a "buy" rating and a $700.00 price target on the stock. Morgan Stanley increased their price target on shares of Mastercard from $665.00 to $678.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $739.00 price target on shares of Mastercard in a research report on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $664.40.

Mastercard 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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