Lakeshore Capital Group Inc. Cuts Position in Mastercard Incorporated $MA

Lakeshore Capital Group Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,178 shares of the credit services provider’s stock after selling 63 shares during the period. Lakeshore Capital Group Inc.’s holdings in Mastercard were worth $662,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the first quarter valued at approximately $31,000. Hughes Financial Services LLC purchased a new position in Mastercard in the first quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard in the first quarter valued at approximately $44,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $579.24 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a fifty day moving average price of $580.78 and a 200 day moving average price of $562.45. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $523.64 billion, a PE ratio of 39.06, a P/E/G ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. 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 (DPR) is currently 20.50%.

Analyst Ratings Changes

Several brokerages have commented on MA. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard 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.