Stenger Family Office LLC Makes New Investment in Mastercard Incorporated $MA

Stenger Family Office LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, Holdings Channel reports. The fund acquired 7,886 shares of the credit services provider’s stock, valued at approximately $4,409,000. Mastercard makes up about 1.0% of Stenger Family Office LLC’s portfolio, making the stock its 19th biggest holding.

Other hedge funds have also recently modified their holdings of the company. LGT Financial Advisors LLC purchased a new position in shares of Mastercard during the second quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new position in Mastercard during the 2nd quarter worth $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA opened at $545.48 on Friday. The company has a market capitalization of $489.84 billion, a PE ratio of 34.88, a P/E/G ratio of 2.12 and a beta of 0.87. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a 50-day simple moving average of $556.55 and a 200-day simple moving average of $567.12. 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 (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.89 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Tigress Financial boosted their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. TD Cowen reaffirmed a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Macquarie boosted their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Buy” and an average target price of $652.50.

Mastercard Company 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.