Whittier Trust Co. Acquires 777 Shares of Mastercard Incorporated (NYSE:MA)

Whittier Trust Co. boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,346 shares of the credit services provider's stock after purchasing an additional 777 shares during the quarter. Whittier Trust Co.'s holdings in Mastercard were worth $17,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MA. Temasek Holdings Private Ltd increased its holdings in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock valued at $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. grew its position in 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 valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. increased its stake 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 in the last quarter. Nordea Investment Management AB increased 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 valued at $1,325,353,000 after purchasing an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

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Wall Street Analyst Weigh In

MA has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup increased their price objective on Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $606.11.

Mastercard Price Performance

Shares of MA traded up $8.13 during trading hours on Monday, reaching $543.82. 2,758,655 shares of the stock traded hands, compared to its average volume of 2,377,778. The company has a market cap of $495.81 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company's 50-day moving average price is $548.32 and its two-hundred day moving average price is $525.42. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, analysts anticipate 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. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard's payout ratio is 21.89%.

Mastercard declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

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.