Mastercard Incorporated $MA Stake Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,417,442 shares of the credit services provider’s stock after selling 357,980 shares during the period. Mastercard accounts for 0.7% of Bank of New York Mellon Corp’s portfolio, making the stock its 17th biggest holding. Bank of New York Mellon Corp’s holdings in Mastercard were worth $3,706,199,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. grew 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 worth $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC increased its holdings in shares of Mastercard by 6.5% during the second 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 increased its holdings in shares of Mastercard by 35.8% during 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 purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Mastercard during the second quarter valued at about $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Baird raised its price target on Mastercard to $680 from $660 and kept an Outperform rating, citing expectations for revenue growth to accelerate as comparisons ease. Baird Raises PT on Mastercard (MA) Stock
• Positive Sentiment: Barclays initiated coverage with an Overweight rating and a $640 price target, reinforcing Wall Street confidence in Mastercard’s long-term earnings power after a sector reset. Barclays Initiates Mastercard (MA) Coverage at Overweight
• Positive Sentiment: Several partnerships and network developments show Mastercard’s payment rails remain widely used, including RAKBANK strengthening its relationship with Mastercard and Kraken rolling out a Mastercard crypto debit card in the UK and Europe. RAKBANK and Mastercard strengthen strategic relationship to drive payments innovation Kraken rolls out Mastercard crypto debit card in UK and Europe
• Neutral Sentiment: The House passed a bill that would restrict how payment networks classify firearms retailers, which could create compliance changes for Mastercard but is not yet final law. Congress Vote: The House has passed H.R. 1181 – Protecting Privacy in Purchases Act
• Neutral Sentiment: Mastercard-related commentary also pointed to ongoing value in the business model, with one analysis saying “the moat remains intact,” while another article noted Mastercard stock looks richer after recent gains and faces pressure from regulation and new competition. The Moat Remains Intact Mastercard (MA) Stock Looks Overvalued On Regulatory Pressure And New Competition

Mastercard Price Performance

MA opened at $535.47 on Thursday. The firm has a market capitalization of $473.14 billion, a P/E ratio of 30.99, a PEG ratio of 1.68 and a beta of 0.73. The stock has a fifty day moving average of $502.03 and a 200-day moving average of $516.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion during 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 firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $3.73 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Susquehanna cut their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $653.78.

Insider Activity

In other news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares of the company’s stock, valued at approximately $8,625,225. This represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 7,005 shares of company stock worth $3,689,976. Corporate insiders own 0.09% of the company’s stock.

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.