Hardman Johnston Global Advisors LLC Acquires 8,902 Shares of Mastercard Incorporated (NYSE:MA)

Hardman Johnston Global Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,042 shares of the credit services provider’s stock after acquiring an additional 8,902 shares during the quarter. Mastercard makes up about 3.1% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 12th biggest holding. Hardman Johnston Global Advisors LLC’s holdings in Mastercard were worth $74,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its stake in shares of Mastercard by 1.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 2,368 shares of the credit services provider’s stock worth $1,247,000 after purchasing an additional 32 shares during the period. Colonial River Investments LLC grew its holdings in Mastercard by 3.3% in the 4th quarter. Colonial River Investments LLC now owns 781 shares of the credit services provider’s stock valued at $411,000 after buying an additional 25 shares in the last quarter. Partners Wealth Management LLC bought a new position in Mastercard during the 4th quarter worth $269,000. Black Diamond Financial LLC lifted its holdings in shares of Mastercard by 18.4% during the fourth quarter. Black Diamond Financial LLC now owns 1,080 shares of the credit services provider’s stock worth $569,000 after buying an additional 168 shares in the last quarter. Finally, World Equity Group Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $362,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of MA opened at $557.44 on Monday. The stock has a market cap of $508.22 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.37 and a beta of 1.10. The business’s fifty day moving average is $538.98 and its 200 day moving average is $514.23. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard announced that its board has initiated a share repurchase program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on MA shares. Macquarie boosted their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. UBS Group boosted their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Susquehanna increased their target price on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Finally, Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Check Out Our Latest Analysis on MA

Mastercard Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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