Goldstone Financial Group LLC Invests $2.55 Million in Mastercard Incorporated (NYSE:MA)

Goldstone Financial Group LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,172 shares of the credit services provider’s stock, valued at approximately $2,554,000.

Several other hedge funds have also recently bought and sold shares of MA. Coppell Advisory Solutions Corp. bought a new position in Mastercard during the first quarter worth about $608,000. SteelPeak Wealth LLC raised its position in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Mastercard in the first quarter valued at approximately $2,938,000. OMC Financial Services LTD acquired a new stake in Mastercard during the first quarter worth approximately $17,854,000. Finally, Itau Unibanco Holding S.A. bought a new position in Mastercard during the 2nd quarter worth $6,850,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Finally, Piper Sandler lifted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.5 %

Shares of NYSE:MA opened at $513.96 on Thursday. The business’s 50 day moving average is $494.33 and its 200 day moving average is $466.27. Mastercard Incorporated has a 12-month low of $373.11 and a 12-month high of $518.82. The stock has a market cap of $474.81 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 2.27 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

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.