Goldenstone Wealth Management LLC Acquires New Shares in Mastercard Incorporated $MA

Goldenstone Wealth Management LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,278 shares of the credit services provider’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Tacita Capital Inc lifted its position in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its position in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares during the last quarter. Finally, Birchbrook Inc. acquired a new position in Mastercard during the 4th quarter worth $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $498.59 on Thursday. 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 stock has a market capitalization of $440.55 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The firm’s 50-day moving average price is $502.08 and its two-hundred day moving average price is $530.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.73 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Tigress Financial boosted their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Raymond James Financial set a $609.00 target price on shares of Mastercard in a research report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $656.00.

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.