Mastercard Inc (MA) Holdings Cut by Harvey Capital Management Inc.

Harvey Capital Management Inc. lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,805 shares of the credit services provider’s stock after selling 460 shares during the quarter. Mastercard makes up 2.0% of Harvey Capital Management Inc.’s holdings, making the stock its 19th largest position. Harvey Capital Management Inc.’s holdings in Mastercard were worth $3,736,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Tirschwell & Loewy Inc. lifted its position in shares of Mastercard by 2.9% in the fourth quarter. Tirschwell & Loewy Inc. now owns 159,850 shares of the credit services provider’s stock valued at $30,156,000 after acquiring an additional 4,509 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Mastercard by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 587 shares of the credit services provider’s stock valued at $111,000 after acquiring an additional 83 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $36,000. Advisors Asset Management Inc. lifted its position in shares of Mastercard by 9.8% in the fourth quarter. Advisors Asset Management Inc. now owns 211,660 shares of the credit services provider’s stock valued at $39,930,000 after acquiring an additional 18,972 shares in the last quarter. Finally, Cordatus Wealth Management LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $6,465,000. Institutional investors own 81.33% of the company’s stock.

NYSE:MA opened at $218.91 on Wednesday. Mastercard Inc has a one year low of $167.01 and a one year high of $225.35. The company has a quick ratio of 1.55, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $224.22 billion, a P/E ratio of 33.73, a P/E/G ratio of 1.73 and a beta of 1.11.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. As a group, equities research analysts anticipate that Mastercard Inc will post 7.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 20.34%.

Mastercard announced that its board has initiated a stock repurchase program on Tuesday, December 4th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts have recently weighed in on MA shares. BMO Capital Markets raised their target price on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Loop Capital set a $232.00 target price on Mastercard and gave the company a “buy” rating in a research report on Wednesday, October 31st. Barclays restated a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $217.00 price target on shares of Mastercard in a report on Monday, January 7th. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $224.75.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total transaction of $960,000.00. Following the completion of the sale, the director now owns 40,183 shares of the company’s stock, valued at $7,715,136. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the sale, the insider now directly owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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