Mastercard Incorporated $MA Shares Sold by Stonebridge Financial Planning Group LLC

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

A number of other institutional investors have also recently added to or reduced their stakes in MA. ORG Partners LLC lifted its holdings in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares in the last quarter. Ethos Financial Group LLC lifted its holdings in Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares in the last quarter. Curio Wealth LLC lifted its holdings in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares in the last quarter. Wheelhouse Advisory Group LLC lifted its holdings in Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after buying an additional 56 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its holdings in Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after buying an additional 264 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Mastercard Stock Up 1.6%

MA stock opened at $552.68 on Wednesday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a market capitalization of $499.63 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. The firm’s 50-day moving average is $574.64 and its two-hundred day moving average is $568.88. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the firm earned $3.89 EPS. Mastercard’s revenue was up 16.7% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Cowen restated a “buy” rating on shares of Mastercard in a research note on Friday. TD Cowen restated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. 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 stock presently has a consensus rating of “Buy” and an average price target of $647.59.

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.