Turtle Creek Wealth Advisors LLC Has $7.28 Million Position in Mastercard Incorporated $MA

Turtle Creek Wealth Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,802 shares of the credit services provider’s stock after buying an additional 1,747 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Mastercard were worth $7,282,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in Mastercard in the second quarter worth $29,000. Robbins Farley boosted its stake in Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares in the last quarter. IMG Wealth Management Inc. acquired a new stake in Mastercard during the second quarter worth $31,000. Finally, True Wealth Design LLC increased its holdings in Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Macquarie raised their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 target price on shares of Mastercard in a report on Thursday, October 30th. Finally, Wells Fargo & Company cut their target price on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $662.08.

Mastercard Stock Performance

Mastercard stock opened at $539.82 on Tuesday. The stock has a 50-day simple moving average of $556.89 and a 200 day simple moving average of $566.36. The stock has a market capitalization of $484.76 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 1.83 and a beta of 0.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the company posted $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be given a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 22.25%.

About Mastercard

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.