Perigon Wealth Management LLC Acquires 1,042 Shares of Mastercard Incorporated $MA

Perigon Wealth Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,020 shares of the credit services provider’s stock after buying an additional 1,042 shares during the period. Perigon Wealth Management LLC’s holdings in Mastercard were worth $25,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MA. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Evergreen Capital Management LLC raised its position in Mastercard by 3.8% in the 1st quarter. Evergreen Capital Management LLC now owns 7,861 shares of the credit services provider’s stock valued at $4,309,000 after buying an additional 288 shares during the last quarter. Palogic Value Management L.P. lifted its stake in Mastercard by 7.5% during the 1st quarter. Palogic Value Management L.P. now owns 517 shares of the credit services provider’s stock valued at $283,000 after acquiring an additional 36 shares in the last quarter. Activest Wealth Management grew its stake in shares of Mastercard by 5.9% in the 1st quarter. Activest Wealth Management now owns 340 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 19 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Mastercard by 2.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,590 shares of the credit services provider’s stock valued at $1,968,000 after purchasing an additional 81 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.0%

Shares of MA opened at $579.61 on Friday. The business has a 50-day moving average of $555.62 and a 200 day moving average of $565.67. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $520.49 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12.

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

Mastercard Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MA shares. Royal Bank Of Canada increased their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Morgan Stanley set a $665.00 price target on Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $657.48.

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.