Lincoln Capital Corp Sells 1,940 Shares of Mastercard Incorporated $MA

Lincoln Capital Corp lowered its stake in Mastercard Incorporated (NYSE:MA) by 50.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,904 shares of the credit services provider’s stock after selling 1,940 shares during the quarter. Lincoln Capital Corp’s holdings in Mastercard were worth $951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after purchasing an additional 466,514 shares in the last quarter. J. Stern & Co. LLP raised its stake in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares in the last quarter. State Street Corp raised its stake in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after buying an additional 349,369 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.2%

MA stock opened at $490.73 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $433.60 billion, a PE ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The business’s 50 day simple moving average is $498.76 and its 200 day simple moving average is $521.61.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 20.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Citigroup dropped their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $656.04.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.