Mastercard Incorporated $MA is Harbour Trust & Investment Management Co’s 9th Largest Position

Harbour Trust & Investment Management Co increased its holdings in Mastercard Incorporated (NYSE:MA) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,412 shares of the credit services provider’s stock after purchasing an additional 2,674 shares during the quarter. Mastercard accounts for 2.5% of Harbour Trust & Investment Management Co’s investment portfolio, making the stock its 9th biggest position. Harbour Trust & Investment Management Co’s holdings in Mastercard were worth $24,212,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MA. Robbins Farley grew its position in Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares during the last quarter. Tacita Capital Inc boosted its stake in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the period. Dagco Inc. raised its holdings in Mastercard by 200.0% during the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock valued at $38,000 after buying an additional 44 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in Mastercard during the 3rd quarter valued at $46,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

MA opened at $509.83 on Thursday. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The company has a market cap of $454.67 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $508.40 and a two-hundred day simple moving average of $538.62.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business earned $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 19.52 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 21.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MA. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Citigroup lowered their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company increased their price objective on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $659.81.

About Mastercard

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.