Goldenstone Wealth Management LLC Invests $730,000 in Mastercard Incorporated $MA

Goldenstone Wealth Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, Holdings Channel.com reports. The firm bought 1,278 shares of the credit services provider’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FourThought Financial Partners LLC boosted its stake in Mastercard by 1.0% in the fourth quarter. FourThought Financial Partners LLC now owns 11,774 shares of the credit services provider’s stock valued at $6,721,000 after acquiring an additional 112 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Mastercard by 62.3% in the fourth quarter. Global Retirement Partners LLC now owns 21,899 shares of the credit services provider’s stock valued at $12,502,000 after acquiring an additional 8,406 shares during the last quarter. Twin Capital Management Inc. boosted its stake in Mastercard by 41.0% in the fourth quarter. Twin Capital Management Inc. now owns 10,086 shares of the credit services provider’s stock valued at $5,758,000 after acquiring an additional 2,935 shares during the last quarter. Mach 1 Financial Group LLC boosted its stake in Mastercard by 776.3% in the fourth quarter. Mach 1 Financial Group LLC now owns 4,592 shares of the credit services provider’s stock valued at $2,621,000 after acquiring an additional 4,068 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in Mastercard by 9.9% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 10,531 shares of the credit services provider’s stock valued at $6,012,000 after acquiring an additional 949 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Citigroup cut their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average target price of $656.00.

Mastercard Stock Down 0.2%

Shares of MA stock opened at $498.59 on Thursday. The company has a market capitalization of $440.55 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The firm has a fifty day moving average of $502.08 and a 200-day moving average of $530.11. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.73 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.