Yukon Wealth Management Inc. purchased a new position in Mastercard Incorporated (NYSE:MA – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,864 shares of the credit services provider’s stock, valued at approximately $4,039,000. Mastercard accounts for approximately 1.2% of Yukon Wealth Management Inc.’s investment portfolio, making the stock its 16th largest holding.
Other institutional investors also recently bought and sold shares of the company. Robinswood Financial LLC bought a new position in Mastercard in the first quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted 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 buying an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new position in shares of Mastercard in the 4th quarter worth approximately $29,000. Finally, First Pacific Financial raised its stake in shares of 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 acquiring an additional 33 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Mastercard
In related news, insider J. Mehra Sachin sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $572.07, for a total transaction of $572,070.00. Following the completion of the transaction, the insider owned 39,916 shares of the company’s stock, valued at $22,834,746.12. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the transaction, the insider owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is owned by corporate insiders.
Mastercard Stock Down 1.2%
Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the prior year, the firm earned $4.15 earnings per share. Mastercard’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current year.
Mastercard Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.
Mastercard News Roundup
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard has restarted international card-payment services in Syria for the first time in roughly 15 years after regulatory changes, potentially reopening transaction-volume opportunities in the country. Visa is also entering the market, limiting Mastercard’s ability to capture the opportunity exclusively. Visa, Mastercard begin first Syria global card payments in years
- Positive Sentiment: A new partnership with Asia-Pacific travel-experiences platform Klook aims to provide Mastercard cardholders with travel benefits and create additional spending touchpoints as experience-led tourism expands across the region. The initiative could support cross-border payments and customer engagement, although financial terms were not disclosed. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
- Neutral Sentiment: Mastercard said CFO Ling Hai will speak at the Goldman Sachs Communacopia + Technology Conference on September 10. The presentation may offer updates on growth, travel spending and digital payments, but it does not change current financial guidance. Mastercard to Participate in Upcoming Investor Conference
- Neutral Sentiment: Mastercard’s name appears as a supporter of a Ripple XRPL hackathon, highlighting continued interest in blockchain development. However, the event is not evidence of a major XRP or XRPL commercial rollout by Mastercard. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself
- Negative Sentiment: Recent commentary argues that Mastercard’s strong earnings profile and roughly 61% net margin are already reflected in the stock’s elevated valuation. The shares’ retreat after nearing their high may therefore reflect profit-taking and concern that further gains require continued strong execution. Mastercard’s Record Stalls With 61% Margin Already Priced In
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Truist Financial raised their price objective on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler assumed coverage on Mastercard in a research report on Monday, June 29th. They set an “overweight” rating and a $597.00 target price on the stock. Susquehanna decreased their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Finally, Loop Capital reissued a “buy” rating and issued a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $664.71.
Get Our Latest Stock Analysis on MA
Mastercard Company 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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