Kingsview Wealth Management LLC Sells 83,095 Shares of Mastercard Incorporated $MA

Kingsview Wealth Management LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 84.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,025 shares of the credit services provider’s stock after selling 83,095 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $7,717,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Robinswood Financial LLC acquired a new position in Mastercard during the first quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new stake in Mastercard during the 4th quarter worth about $29,000. Finally, First Pacific Financial lifted its position in Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after buying an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, insider J. Mehra Sachin sold 7,444 shares of Mastercard stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the completion of the sale, the insider owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. The trade was a 5.68% 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. Over the last ninety days, insiders have sold 71,357 shares of company stock worth $40,637,262. Corporate insiders own 0.09% of the company’s stock.

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

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Wolfe Research increased their price objective on shares of Mastercard from $680.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays lifted their target price on Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Robert W. Baird upped their target price on Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Raymond James Financial reissued an “outperform” rating and set a $632.00 price target on shares of Mastercard in a research report on Friday, July 31st. Finally, Truist Financial boosted their price target on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $664.71.

Mastercard Trading Up 0.6%

Shares of NYSE:MA opened at $595.51 on Friday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The business has a 50 day moving average of $549.15 and a 200-day moving average of $519.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market cap of $521.67 billion, a PE ratio of 32.76, a P/E/G ratio of 1.78 and a beta of 0.72.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.15 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 19.86 earnings per share for the current year.

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 given a dividend of $0.87 per share. The ex-dividend date was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

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.