Adell Harriman & Carpenter Inc. Grows Holdings in Mastercard Incorporated (NYSE:MA)

Adell Harriman & Carpenter Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 33,627 shares of the credit services provider’s stock after purchasing an additional 1,152 shares during the period. Mastercard accounts for approximately 1.2% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 23rd biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Mastercard were worth $17,707,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MA. Temasek Holdings Private Ltd increased its stake in Mastercard by 2.3% in the 3rd 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 buying an additional 62,891 shares during the period. Cardano Risk Management B.V. boosted its holdings 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 acquiring an additional 9,611 shares in the last quarter. Nordea Investment Management AB boosted its holdings 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 acquiring an additional 337,905 shares in the last quarter. Dock Street Asset Management Inc. increased its stake in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after purchasing an additional 100,550 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on MA shares. Jefferies Financial Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Macquarie upped their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Barclays boosted their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, TD Cowen increased their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 0.3 %

Mastercard stock opened at $564.77 on Friday. The stock has a 50-day moving average price of $534.76 and a 200 day moving average price of $508.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The stock has a market cap of $518.36 billion, a PE ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities research analysts predict that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is 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.