Hardman Johnston Global Advisors LLC Sells 12,191 Shares of Mastercard Incorporated $MA

Key Points

• Hardman Johnston Global Advisors LLC reduced its Mastercard stake by 11.0%, selling 12,191 shares and leaving 98,770 shares valued at $56.39 million; Mastercard is 2.7% of the firm's portfolio and its 11th-largest holding.
• Mastercard beat quarterly expectations with EPS of $4.76 (consensus $4.24) and revenue of $8.81 billion, up 17.5% year-over-year, and announced a quarterly dividend of $0.87 per share (ex-dividend Apr 9, payable May 8).
• Analysts hold a broadly positive view with a consensus Buy rating and an average price target of $664.40, and institutional investors own 97.28% of the company's shares.

Hardman Johnston Global Advisors LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,770 shares of the credit services provider's stock after selling 12,191 shares during the period. Mastercard makes up 2.7% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 11th largest holding. Hardman Johnston Global Advisors LLC's holdings in Mastercard were worth $56,386,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MA. Evolution Wealth Management Inc. bought a new stake in Mastercard during the second quarter worth about $29,000. Robbins Farley boosted its stake in Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider's stock worth $31,000 after acquiring an additional 18 shares in the last quarter. Tacita Capital Inc boosted its stake in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock worth $32,000 after acquiring an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider's stock worth $32,000 after buying an additional 40 shares in the last quarter. Finally, Dagco Inc. lifted its stake in shares of Mastercard by 200.0% in the fourth quarter. Dagco Inc. now owns 66 shares of the credit services provider's stock worth $38,000 after buying an additional 44 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.0%

MA opened at $498.80 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a 50 day moving average price of $513.49 and a 200-day moving average price of $541.60. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The stock has a market capitalization of $444.83 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.60 and a beta of 0.83.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the company earned $3.82 earnings per share. The firm's quarterly revenue was up 17.5% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard's payout ratio is presently 21.07%.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Cantor Fitzgerald upgraded shares of Mastercard to a "strong-buy" rating in a research note on Tuesday, January 27th. Macquarie Infrastructure upped their target price on shares of Mastercard from $660.00 to $675.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Bank of America initiated coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a "buy" rating and a $700.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $685.00 to $655.00 and set an "overweight" rating on the stock in a research note on Friday, January 30th. Finally, Raymond James Financial dropped their target price on shares of Mastercard from $707.00 to $631.00 and set an "outperform" rating on the stock in a research note on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $664.40.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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