Tempo Wealth LLC Acquires New Position in Mastercard Incorporated $MA

Tempo Wealth LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,712 shares of the credit services provider’s stock, valued at approximately $6,115,000. Mastercard comprises 1.1% of Tempo Wealth LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares during the period. J. Stern & Co. LLP grew its position in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. State Street Corp increased its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Geode Capital Management LLC increased its stake in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after purchasing an additional 349,369 shares during the last quarter. Finally, Capital International Investors lifted its position in Mastercard by 4.4% during the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after buying an additional 759,584 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Loop Capital reissued a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Citigroup lowered their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Truist Financial dropped their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Price Performance

Shares of MA stock opened at $490.73 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a fifty day simple moving average of $498.76 and a 200-day simple moving average of $521.76. The company has a market capitalization of $433.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.73 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.

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.