NewEdge Wealth LLC Sells 3,029 Shares of Mastercard Incorporated $MA

NewEdge Wealth LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,082 shares of the credit services provider’s stock after selling 3,029 shares during the quarter. NewEdge Wealth LLC’s holdings in Mastercard were worth $52,505,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. grew its position in shares of Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares during the period. Abacus Planning Group Inc. raised its holdings in Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares during the period. Thomasville National Bank raised its holdings in Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares during the period. Castle Rock Wealth Management LLC lifted its position in Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares in the last quarter. Finally, Resurgent Financial Advisors LLC lifted its position in Mastercard by 1.2% during the third quarter. Resurgent Financial Advisors LLC now owns 1,597 shares of the credit services provider’s stock valued at $908,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MA shares. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen decreased their price objective on Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Citigroup lowered their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Finally, Clear Str raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Eight analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $653.92.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the launch of the first Jaywan-Mastercard co-badged credit card, which could expand Mastercard’s acceptance and deepen its presence in the UAE payments ecosystem. Article Title
• Positive Sentiment: Coverage highlighting Mastercard as a strong momentum stock and a top non-AI pick among retail investors may be supporting sentiment around the company’s durable network model and defensive appeal. Article Title
• Neutral Sentiment: Mastercard’s AI-focused commentary from Jill Kramer frames artificial intelligence as a tool for creativity and insight, but it does not appear to be a direct near-term earnings catalyst. Article Title
• Neutral Sentiment: Articles about Mastercard’s patent work, World Cup payment performance, and a potential Vocalink sale suggest ongoing strategic activity, but the market impact is still unclear. Article Title
• Negative Sentiment: Comparisons with Affirm argue that MA has less room to run because Affirm offers faster growth, lower valuation, and higher analyst upside, which may be pressuring Mastercard’s relative appeal. Article Title
• Negative Sentiment: Reports that Mastercard may sell a majority stake in its UK payments subsidiary Vocalink raised questions about strategy and exposure to critical payment infrastructure. Article Title
• Negative Sentiment: Bearish commentary about Mastercard “betting billions” on technology that could disrupt its own business, plus stablecoin competition headlines, highlight growing long-term competitive threats in payments. Article Title

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the transaction, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $108,000.00. Following the sale, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. 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. Insiders have sold a total of 7,005 shares of company stock worth $3,689,976 in the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 1.2%

Shares of MA stock opened at $531.82 on Thursday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $469.90 billion, a PE ratio of 30.78, a PEG ratio of 1.68 and a beta of 0.73. The stock has a fifty day simple moving average of $506.56 and a two-hundred day simple moving average of $515.08.

Mastercard (NYSE:MA) last posted 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 business 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 quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.14%.

About Mastercard

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.