W.H. Cornerstone Investments Inc. Lowers Stake in Mastercard Incorporated $MA

W.H. Cornerstone Investments Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626 shares of the credit services provider’s stock after selling 114 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Mastercard were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Larson Financial Group LLC lifted its stake in shares of Mastercard by 82.4% during the first quarter. Larson Financial Group LLC now owns 4,086 shares of the credit services provider’s stock worth $2,240,000 after buying an additional 1,846 shares during the period. Cable Hill Partners LLC increased its holdings in shares of Mastercard by 28.7% in the first quarter. Cable Hill Partners LLC now owns 1,719 shares of the credit services provider’s stock valued at $943,000 after purchasing an additional 383 shares during the period. SeaBridge Investment Advisors LLC lifted its stake in Mastercard by 4.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 6,199 shares of the credit services provider’s stock valued at $3,398,000 after acquiring an additional 261 shares during the period. Finally, Grandfield & Dodd LLC grew its position in Mastercard by 0.3% during the 1st quarter. Grandfield & Dodd LLC now owns 9,267 shares of the credit services provider’s stock worth $5,079,000 after purchasing an additional 28 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1%

Mastercard stock traded down $0.48 during trading on Thursday, hitting $560.75. The company’s stock had a trading volume of 232,580 shares, compared to its average volume of 2,751,233. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s fifty day moving average is $570.06 and its 200 day moving average is $569.74. The stock has a market capitalization of $503.55 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the firm earned $3.89 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is presently 19.44%.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Robert W. Baird upped their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Morgan Stanley set a $665.00 price target on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Macquarie increased their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Truist Financial reduced their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $649.26.

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.