Mastercard Incorporated (NYSE:MA) Stock Holdings Raised by Haverford Trust Co

Haverford Trust Co increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 622,873 shares of the credit services provider's stock after buying an additional 1,238 shares during the quarter. Mastercard accounts for 3.3% of Haverford Trust Co's investment portfolio, making the stock its 4th largest holding. Haverford Trust Co owned 0.07% of Mastercard worth $327,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Jackson Thornton Wealth Management LLC increased its position in Mastercard by 4.4% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 564 shares of the credit services provider's stock worth $297,000 after buying an additional 24 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in shares of Mastercard by 3.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 1,150 shares of the credit services provider's stock worth $606,000 after acquiring an additional 38 shares during the period. Twin City Private Wealth LLC increased its holdings in Mastercard by 3.6% in the 4th quarter. Twin City Private Wealth LLC now owns 2,968 shares of the credit services provider's stock worth $1,563,000 after acquiring an additional 103 shares during the last quarter. Clune & Associates LTD. bought a new stake in Mastercard in the 4th quarter valued at about $305,000. Finally, Crowley Wealth Management Inc. purchased a new stake in Mastercard during the fourth quarter valued at about $938,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

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Mastercard Price Performance

NYSE:MA traded down $17.01 during mid-day trading on Friday, reaching $540.57. The stock had a trading volume of 2,656,417 shares, compared to its average volume of 2,537,525. The stock has a market capitalization of $492.84 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.37 and a beta of 1.10. The firm has a 50 day moving average price of $550.58 and a two-hundred day moving average price of $526.65. 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 Incorporated has a one year low of $428.86 and a one year high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio is presently 21.89%.

Mastercard announced that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MA shares. Monness Crespi & Hardt raised shares of Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price target on the stock in a research report on Friday, January 31st. Jefferies Financial Group increased their target price on Mastercard from $590.00 to $610.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. UBS Group raised their price target on Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, KeyCorp raised 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. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $606.11.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.