Field & Main Bank purchased a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 2,283 shares of the credit services provider’s stock, valued at approximately $1,173,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Border to Coast Pensions Partnership Ltd grew its stake in shares of Mastercard by 7.3% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock worth $70,089,000 after purchasing an additional 9,504 shares during the last quarter. Canada Post Corp Registered Pension Plan grew its position in shares of Mastercard by 6.1% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after buying an additional 3,768 shares during the last quarter. Marble Wealth LLC bought a new stake in shares of Mastercard in the 4th quarter valued at about $1,328,000. Charles Lim Capital Ltd acquired a new stake in shares of Mastercard in the fourth quarter valued at about $15,699,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after acquiring an additional 1,434 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
Mastercard Price Performance
Shares of NYSE MA opened at $595.51 on Friday. The firm’s 50-day moving average price is $549.15 and its 200-day moving average price is $519.62. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62. The firm has a market capitalization of $521.67 billion, a P/E ratio of 32.76, a P/E/G ratio of 1.78 and a beta of 0.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96.
Mastercard Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.
Mastercard News Summary
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard and QNB Group processed Syria’s first international card transaction in more than 15 years. The milestone marks the reopening and modernization of Syria’s international payments infrastructure following the lifting of certain U.S. restrictions. Although the near-term financial contribution is likely to be small, the development creates a potential new market and demonstrates Mastercard’s ability to support payments expansion. Syria marks first international card transaction in more than 15 years with Mastercard and QNB Group
- Positive Sentiment: Analysts have given Mastercard a consensus “Buy” rating. Continued Wall Street support adds to the bullish backdrop, though the rating itself may already be reflected in the share price. Mastercard Incorporated Given Consensus Rating of Buy by Analysts
- Positive Sentiment: Pershing Square founder Bill Ackman added Mastercard to the hedge fund’s portfolio. The purchase may improve investor sentiment by signaling confidence from a prominent long-term investor, although it does not change Mastercard’s operating outlook. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
- Positive Sentiment: A partnership with Klook targets growing travel and experiences spending across Asia Pacific. Mastercard cardholder benefits and additional travel-related payment touchpoints could support transaction volume in a high-growth region. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
- Neutral Sentiment: Mastercard will participate in the Goldman Sachs Communacopia + Technology Conference on September 10, where CFO Ling Hai is scheduled to speak. Investors may look for updates on growth, margins and capital allocation, but no new financial information was provided. Mastercard to Participate in Upcoming Investor Conference
- Neutral Sentiment: Mastercard’s name appears as a supporter of an XRPL/Ripple hackathon, but reports caution that the sponsorship does not represent a new cryptocurrency partnership or major product launch. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself
Analysts Set New Price Targets
MA has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $701.00 price objective on shares of Mastercard in a research report on Thursday, July 30th. Barclays upped their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Piper Sandler initiated coverage on Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 price objective for the company. Finally, Loop Capital restated a “buy” rating and set a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $664.71.
Check Out Our Latest Stock Report on MA
Insider Transactions at Mastercard
In related news, insider J. Mehra Sachin sold 1,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider directly owned 39,916 shares in the company, valued at $22,834,746.12. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 15,372 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the sale, the chief executive officer owned 93,693 shares of the company’s stock, valued at $53,873,475. This trade represents a 14.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,357 shares of company stock valued at $40,637,262. Company 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.
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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
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