Wealthfront Advisers LLC increased its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,039 shares of the credit services provider’s stock after acquiring an additional 1,366 shares during the period. Wealthfront Advisers LLC’s holdings in Mastercard were worth $53,983,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mastercard by 820.0% in the 4th 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 during the period. Strive Financial Group LLC acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard during the fourth quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC grew its position in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Finally, Lifetime Wealth Management P.C. acquired a new position in Mastercard in the 4th quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.
More Mastercard News
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 Trading Down 0.5%
Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.73 EPS. Equities research analysts forecast that Mastercard Incorporated will post 19.62 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is currently 20.14%.
Insider Activity at Mastercard
In other news, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction 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 sale, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This trade represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,005 shares of company stock valued at $3,689,976 over the last three months. 0.09% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Raymond James Financial set a $609.00 price target on shares of Mastercard in a report on Friday, May 1st. Robert W. Baird upped their price target on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Truist Financial cut their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Piper Sandler started coverage on Mastercard in a research report on Monday, June 29th. They set an “overweight” rating and a $597.00 price objective for the company. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $653.78.
Check Out Our Latest Stock Report on MA
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.
Further Reading
- Five stocks we like better than Mastercard
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.
