Hutchinson Financial Advisors INC Takes $1.96 Million Position in Mastercard Incorporated $MA

Hutchinson Financial Advisors INC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, Holdings Channel reports. The institutional investor purchased 3,581 shares of the credit services provider’s stock, valued at approximately $1,958,000. Mastercard comprises about 0.8% of Hutchinson Financial Advisors INC’s portfolio, making the stock its 18th biggest position.

A number of other large investors also recently modified their holdings of MA. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard in the 2nd quarter valued at $11,421,213,000. Nuveen LLC bought a new position in shares of Mastercard in the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP lifted its stake in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a report on Friday. Cowen restated a “buy” rating on shares of Mastercard in a report on Friday. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Finally, Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $647.89.

Mastercard Stock Performance

Shares of Mastercard stock opened at $552.59 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $576.43 and a two-hundred day moving average price of $567.71. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $499.54 billion, a P/E ratio of 37.26, a PEG ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $3.89 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by company insiders.

About Mastercard

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.