Mastercard Incorporated (NYSE:MA) Shares Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 99,983 shares of the credit services provider’s stock after acquiring an additional 696 shares during the period. Mastercard comprises approximately 4.3% of Hemenway Trust Co LLC’s holdings, making the stock its 5th biggest holding. Hemenway Trust Co LLC’s holdings in Mastercard were worth $52,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Addison Advisors LLC boosted its holdings in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after acquiring an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. grew its holdings in shares of Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. increased its position in Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC raised its holdings in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MA shares. Susquehanna increased their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Royal Bank of Canada upped their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays raised their target price on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $606.11.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $489.94 on Friday. The company has a market cap of $446.68 billion, a PE ratio of 35.27, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company has a fifty day moving average price of $550.92 and a two-hundred day moving average price of $528.08. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

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

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.