Hendershot Investments Inc. Has $18.66 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Hendershot Investments Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,432 shares of the credit services provider’s stock after acquiring an additional 217 shares during the quarter. Mastercard makes up about 2.5% of Hendershot Investments Inc.’s investment portfolio, making the stock its 12th largest position. Hendershot Investments Inc.’s holdings in Mastercard were worth $18,657,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC raised its holdings in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after acquiring an additional 19 shares during the last quarter. Capital Investment Services of America Inc. boosted its holdings in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after buying an additional 19 shares during the last quarter. Goldstein Advisors LLC grew its position in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares during the period. Community Bank N.A. raised its stake in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after buying an additional 20 shares during the period. Finally, Raab & Moskowitz Asset Management LLC boosted its position in shares of Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research note on Tuesday. TD Cowen increased their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $603.08.

Mastercard Stock Down 0.8 %

MA stock opened at $562.55 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The stock has a market capitalization of $516.33 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm has a 50 day moving average of $531.61 and a 200 day moving average of $505.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Sell-side analysts forecast that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a dividend of $0.76 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

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

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.