Hardman Johnston Global Advisors LLC Has $65.25 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Hardman Johnston Global Advisors LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,140 shares of the credit services provider’s stock after selling 8,239 shares during the quarter. Mastercard accounts for approximately 2.6% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 11th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Mastercard were worth $65,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter valued at $35,000. Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $505.53 on Wednesday. The company has a 50 day simple moving average of $497.12 and a two-hundred day simple moving average of $467.65. Mastercard Incorporated has a 1-year low of $384.20 and a 1-year high of $527.90. The firm has a market cap of $467.03 billion, a P/E ratio of 38.24, a PEG ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the company earned $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last three months. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Susquehanna lifted their price target on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Citigroup lifted their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler restated an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a report on Friday, November 1st. Finally, Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

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.