Mastercard Incorporated (NYSE:MA) Shares Purchased by Bangor Savings Bank

Bangor Savings Bank increased its position in shares of Mastercard Incorporated (NYSE:MA) by 17.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200 shares of the credit services provider’s stock after buying an additional 30 shares during the quarter. Bangor Savings Bank’s holdings in Mastercard were worth $105,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. UBS Group boosted 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 Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer dropped their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Finally, TD Cowen raised their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $562.76.

Mastercard Stock Down 0.0 %

MA stock opened at $511.89 on Wednesday. Mastercard Incorporated has a one year low of $416.53 and a one year high of $537.70. The stock has a market capitalization of $469.83 billion, a P/E ratio of 38.72, a PEG ratio of 2.36 and a beta of 1.10. The company has a 50 day moving average price of $523.76 and a two-hundred day moving average price of $491.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the firm posted $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Mastercard Profile

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.