Stonebridge Financial Planning Group LLC Lowers Stock Holdings in Mastercard Incorporated $MA

Stonebridge Financial Planning Group LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,441 shares of the credit services provider’s stock after selling 97 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Mastercard were worth $1,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Accredited Investors Inc. grew its holdings in shares of Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. lifted its stake in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after acquiring an additional 18 shares during the period. Pinion Investment Advisors LLC lifted its stake in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares during the period. KRS Capital Management LLC lifted its stake in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after acquiring an additional 18 shares during the period. Finally, Nvest Financial LLC lifted its stake in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $552.68 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $499.63 billion, a P/E ratio of 37.27, a PEG ratio of 2.27 and a beta of 0.97. The company has a 50-day moving average of $574.64 and a two-hundred day moving average of $568.88. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MA shares. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Wells Fargo & Company reduced their price objective on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Macquarie lifted their price target on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, UBS Group lifted their price target on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $647.59.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Mastercard 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.