Cornerstone Wealth Group LLC Buys 827 Shares of Mastercard Incorporated (NYSE:MA)

Cornerstone Wealth Group LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 19.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,018 shares of the credit services provider’s stock after acquiring an additional 827 shares during the period. Cornerstone Wealth Group LLC’s holdings in Mastercard were worth $2,416,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. New Mexico Educational Retirement Board boosted its position in shares of Mastercard by 15.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 50,210 shares of the credit services provider’s stock worth $24,180,000 after purchasing an additional 6,700 shares in the last quarter. Atticus Wealth Management LLC raised its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the last quarter. Foguth Wealth Management LLC. bought a new position in Mastercard in the 1st quarter worth about $213,000. Brown Miller Wealth Management LLC grew its position in Mastercard by 2.0% during the 1st quarter. Brown Miller Wealth Management LLC now owns 2,748 shares of the credit services provider’s stock valued at $1,323,000 after purchasing an additional 55 shares during the last quarter. Finally, CRA Financial Services LLC lifted its stake in shares of Mastercard by 1.3% in the first quarter. CRA Financial Services LLC now owns 7,279 shares of the credit services provider’s stock worth $3,506,000 after buying an additional 94 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. Insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.4 %

MA stock traded down $1.59 during trading on Friday, reaching $441.16. 4,105,179 shares of the company traded hands, compared to its average volume of 2,467,253. The company has a market capitalization of $410.11 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day simple moving average of $451.50 and a 200 day simple moving average of $453.11. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the firm earned $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Mizuho cut their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Susquehanna reaffirmed a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, TD Cowen initiated coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

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.