Wellington Management Group LLP Has $5.14 Billion Stake in Mastercard Incorporated (NYSE:MA)

Wellington Management Group LLP increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,760,740 shares of the credit services provider's stock after acquiring an additional 817,836 shares during the quarter. Mastercard makes up 0.9% of Wellington Management Group LLP's portfolio, making the stock its 13th biggest position. Wellington Management Group LLP owned 1.07% of Mastercard worth $5,139,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Temasek Holdings Private Ltd grew its position in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock worth $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. raised its position in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock worth $194,141,000 after purchasing an additional 9,611 shares during the period. Dock Street Asset Management Inc. boosted its position in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Nordea Investment Management AB grew its stake in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after buying an additional 337,905 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after buying an additional 138,842 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

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Mastercard Stock Down 0.2 %

Shares of MA stock traded down $0.89 during trading on Wednesday, hitting $547.62. 2,993,243 shares of the company were exchanged, compared to its average volume of 2,552,317. The business's 50-day simple moving average is $551.46 and its 200 day simple moving average is $527.98. The firm has a market capitalization of $499.27 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. 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 (NYSE:MA - Get Free Report) last announced its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 0.56%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Citigroup upped their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Oppenheimer reduced their price objective on Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $606.11.

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.