Coastline Trust Co Has $9.68 Million Stock Position in Mastercard Incorporated $MA

Coastline Trust Co reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,233 shares of the credit services provider’s stock after selling 24 shares during the quarter. Mastercard accounts for 1.1% of Coastline Trust Co’s holdings, making the stock its 24th biggest holding. Coastline Trust Co’s holdings in Mastercard were worth $9,684,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Mastercard stock opened at $565.63 on Friday. 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 company has a market capitalization of $511.34 billion, a PE ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a 50-day moving average price of $579.00 and a two-hundred day moving average price of $560.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is presently 20.50%.

Insider Activity

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,349 shares of company stock valued at $21,372,994. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Truist Financial dropped their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $630.89.

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.