Harvest Fund Management Co. Ltd Has $1.55 Million Holdings in Mastercard Inc (MA)

Harvest Fund Management Co. Ltd boosted its stake in Mastercard Inc (NYSE:MA) by 116.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,963 shares of the credit services provider’s stock after purchasing an additional 3,750 shares during the quarter. Mastercard makes up 0.3% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 24th largest position. Harvest Fund Management Co. Ltd’s holdings in Mastercard were worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MA. Principal Financial Group Inc. grew its stake in Mastercard by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock worth $450,002,000 after acquiring an additional 105,160 shares during the period. DnB Asset Management AS grew its stake in Mastercard by 4.2% in the 2nd quarter. DnB Asset Management AS now owns 112,694 shares of the credit services provider’s stock worth $22,147,000 after acquiring an additional 4,500 shares during the period. First American Trust FSB purchased a new stake in Mastercard in the 2nd quarter worth approximately $201,000. IFM Investors Pty Ltd grew its stake in Mastercard by 44.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 42,272 shares of the credit services provider’s stock worth $8,307,000 after acquiring an additional 13,026 shares during the period. Finally, Empirical Finance LLC grew its stake in Mastercard by 40.3% in the 2nd quarter. Empirical Finance LLC now owns 1,693 shares of the credit services provider’s stock worth $333,000 after acquiring an additional 486 shares during the period. Hedge funds and other institutional investors own 74.40% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Oppenheimer lifted their price target on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Morgan Stanley lifted their price target on shares of Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, July 27th. KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Finally, Wells Fargo & Co lifted their price target on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average target price of $219.24.

Mastercard stock opened at $197.72 on Friday. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The firm has a market cap of $205.32 billion, a P/E ratio of 32.52, a PEG ratio of 1.69 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 1.01.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Mastercard Inc will post 6.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is 21.83%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Read More: Buyback For Investors Defined

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply