Cibc World Market Inc. Sells 101,280 Shares of Mastercard Incorporated $MA

Cibc World Market Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 18.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 434,553 shares of the credit services provider’s stock after selling 101,280 shares during the period. Cibc World Market Inc.’s holdings in Mastercard were worth $248,078,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MA. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the period. Betterment LLC lifted its stake in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Mastercard in the second quarter valued at about $431,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MA. 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. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. UBS Group dropped their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Tigress Financial raised their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Finally, Royal Bank Of Canada dropped their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $656.04.

Mastercard Stock Performance

Shares of Mastercard stock opened at $472.62 on Thursday. 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 firm has a market cap of $417.60 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.49 and a beta of 0.74. The firm has a 50 day simple moving average of $500.38 and a 200 day simple moving average of $525.79. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

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

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding its network capabilities to support stablecoin, intraday, holiday, and weekend settlement options, which could improve transaction flexibility and keep the company relevant as payments move on-chain. Mastercard Prepares to Expand Network Capabilities for New Settlement Choices
• Positive Sentiment: Reports say Mastercard is backing a stealth stablecoin platform alongside Visa, Stripe, and potentially Coinbase, reinforcing the view that the company is trying to shape the future of digital payments rather than be disrupted by them. Mastercard and Visa Back Stealth Stablecoin Platform
• Positive Sentiment: Loop Capital reaffirmed a Buy rating and set a $631 price target, signaling continued analyst confidence after recent results and new growth initiatives. Benzinga report on Loop Capital rating
• Positive Sentiment: Mastercard is testing instant cross-currency payments on the TIPS platform and 24/7 on-chain settlement features, which could strengthen its cross-border and real-time payments franchise. Mastercard tests instant cross-currency payments on TIPS platform
• Neutral Sentiment: Mastercard reshuffled leadership, naming Ling Hai CFO and moving Sachin Mehra into a new business role; investors will likely view this as a strategic reorganization unless execution concerns emerge. Mastercard names Ling Hai CFO, moves Sachin Mehra to new role
• Negative Sentiment: News that U.S. sanctions are interrupting Visa and Mastercard payments in Cuba highlights a localized geopolitical disruption that could weigh on payment volumes in the region. US sanctions interrupt Visa, Mastercard payments in Cuba

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.