Lodestone Wealth Management LLC Has $407,000 Position in Mastercard Incorporated (NYSE:MA)

Lodestone Wealth Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 28.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 825 shares of the credit services provider’s stock after selling 333 shares during the period. Lodestone Wealth Management LLC’s holdings in Mastercard were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in Mastercard by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,914 shares of the credit services provider’s stock worth $8,846,000 after acquiring an additional 80 shares in the last quarter. Prossimo Advisors LLC grew its holdings in shares of Mastercard by 1.1% during the 3rd quarter. Prossimo Advisors LLC now owns 3,891 shares of the credit services provider’s stock valued at $1,921,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC increased its position in Mastercard by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 1,044 shares of the credit services provider’s stock worth $516,000 after purchasing an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI lifted its stake in Mastercard by 4.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 593 shares of the credit services provider’s stock valued at $293,000 after purchasing an additional 25 shares during the last quarter. Finally, New Covenant Trust Company N.A. lifted its stake in Mastercard by 29.2% in the 3rd quarter. New Covenant Trust Company N.A. now owns 937 shares of the credit services provider’s stock valued at $463,000 after purchasing an additional 212 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 1.7 %

Shares of MA stock opened at $508.08 on Friday. The company has a market cap of $469.38 billion, a P/E ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The stock has a 50 day simple moving average of $495.77 and a two-hundred day simple moving average of $466.89. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 EPS. Research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is currently 19.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MA. Bank of America upped their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. TD Cowen upped their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup lifted their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $537.92.

About Mastercard

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.