Raub Brock Capital Management LP Sells 1,146 Shares of Mastercard Incorporated $MA

Raub Brock Capital Management LP trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,774 shares of the credit services provider’s stock after selling 1,146 shares during the period. Mastercard comprises about 4.3% of Raub Brock Capital Management LP’s portfolio, making the stock its 8th biggest holding. Raub Brock Capital Management LP’s holdings in Mastercard were worth $19,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Evolution Wealth Management Inc. bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $29,000. Robbins Farley lifted its holdings in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the last quarter. Tacita Capital Inc boosted its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Mastercard during the second quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 1.8%

Shares of MA stock opened at $492.79 on Tuesday. The firm has a fifty day moving average of $519.05 and a 200-day moving average of $546.90. The stock has a market cap of $439.47 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.56 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. 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 (NYSE:MA) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.Mastercard’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.82 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio is currently 21.07%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MA shares. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $620.00 to $735.00 in a report on Tuesday, January 13th. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a report on Friday. Macquarie Infrastructure raised their price target on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $667.88.

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.