Harrington Investments INC Acquires 186 Shares of Mastercard Incorporated (NYSE:MA)

Harrington Investments INC increased its holdings in Mastercard Incorporated (NYSE:MA) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,411 shares of the credit services provider’s stock after buying an additional 186 shares during the period. Harrington Investments INC’s holdings in Mastercard were worth $1,796,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter worth about $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $32,000. Truvestments Capital LLC increased its holdings in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. increased its holdings in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MA. KeyCorp upped their target price on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. TD Cowen upped their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Barclays lifted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Four 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Price Performance

MA stock opened at $527.87 on Friday. The company has a market capitalization of $481.27 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company’s fifty day moving average price is $545.38 and its 200-day moving average price is $522.44. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last issued 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 return on equity of 188.47% and a net margin of 45.71%. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Mastercard announced that its Board of Directors has authorized a stock repurchase program 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.