Bremer Bank National Association Has $4.77 Million Position in Mastercard Incorporated (NYSE:MA)

Bremer Bank National Association reduced its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,056 shares of the credit services provider’s stock after selling 33 shares during the period. Bremer Bank National Association’s holdings in Mastercard were worth $4,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the second quarter valued at about $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the third quarter valued at about $39,000. Lowe Wealth Advisors LLC boosted its position in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard in the third quarter valued at about $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MA. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Macquarie upped their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Performance

Mastercard stock opened at $525.22 on Monday. The business has a 50 day moving average of $524.28 and a 200-day moving average of $494.59. Mastercard Incorporated has a 1 year low of $427.45 and a 1 year high of $537.70. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $482.06 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 14.46 earnings per share for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard announced that its board has authorized 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

About Mastercard

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.