Mastercard Incorporated (NYSE:MA) Shares Bought by Hemington Wealth Management

Hemington Wealth Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,051 shares of the credit services provider’s stock after acquiring an additional 52 shares during the period. Hemington Wealth Management’s holdings in Mastercard were worth $1,080,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd grew its position in shares of Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares during the period. Cardano Risk Management B.V. grew its position in shares of Mastercard by 2.7% in the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares during the period. Nordea Investment Management AB grew its position in shares of Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the period. Dock Street Asset Management Inc. grew its position in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MA shares. Piper Sandler reiterated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. BMO Capital Markets raised their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $603.08.

Mastercard Stock Performance

Shares of MA stock opened at $564.33 on Thursday. The firm’s 50 day moving average price is $533.07 and its 200-day moving average price is $507.89. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The firm has a market cap of $517.96 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, equities research analysts predict that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard 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.