Hutchinson Capital Management CA Makes New Investment in Mastercard Incorporated (NYSE:MA)

Hutchinson Capital Management CA acquired a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 393 shares of the credit services provider’s stock, valued at approximately $207,000.

Several other large investors have also modified their holdings of MA. Swedbank AB boosted its holdings in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after buying an additional 241,297 shares during the period. Principal Financial Group Inc. raised its stake in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the last quarter. KCM Investment Advisors LLC raised its stake in Mastercard by 0.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,826 shares of the credit services provider’s stock valued at $1,889,000 after purchasing an additional 26 shares during the last quarter. Coastline Trust Co raised its stake in Mastercard by 1.5% during the 3rd quarter. Coastline Trust Co now owns 17,969 shares of the credit services provider’s stock valued at $8,873,000 after purchasing an additional 260 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in Mastercard during the 3rd quarter valued at $23,623,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on MA shares. Citigroup upped their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley cut their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $606.11.

View Our Latest Stock Analysis on Mastercard

Mastercard Stock Up 1.5 %

Shares of NYSE:MA opened at $527.87 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company’s 50-day moving average price is $545.38 and its two-hundred day moving average price is $522.78. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $481.27 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MAGet Free Report) last issued 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 net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS 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 paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

About Mastercard

(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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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