Cornerstone Planning LLC Acquires Shares of 5,681 Mastercard Incorporated $MA

Cornerstone Planning LLC bought a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,681 shares of the credit services provider’s stock, valued at approximately $3,255,000.

A number of other institutional investors have also modified their holdings of MA. Brighton Jones LLC lifted its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Schnieders Capital Management LLC. increased its position in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC increased its position in Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in shares of Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.2%

Mastercard stock opened at $490.73 on Friday. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The business has a fifty day moving average price of $498.76 and a 200-day moving average price of $521.76. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS 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 company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the business posted $3.73 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Finally, Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Company 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.