Harvest Fund Management Co. Ltd Has $7.67 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Harvest Fund Management Co. Ltd grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 205.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,546 shares of the credit services provider’s stock after acquiring an additional 9,790 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Mastercard were worth $7,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MA. Bank of Montreal Can lifted its position in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Mastercard during the 4th quarter worth $837,017,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC lifted its position in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Finally, Amundi lifted its position in shares of Mastercard by 13.1% during the 4th quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock worth $2,532,541,000 after buying an additional 565,717 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. KeyCorp upped their price objective on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Citigroup upped their target price on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Susquehanna upped their target price on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Trading Down 0.3 %

NYSE MA opened at $530.21 on Wednesday. The business has a 50 day simple moving average of $546.16 and a 200 day simple moving average of $523.83. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The stock has a market capitalization of $483.40 billion, a P/E ratio of 38.17, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is currently 21.89%.

Mastercard declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Mastercard Company 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.