Verus Wealth Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,518 shares of the credit services provider’s stock, valued at approximately $837,000.
Several other institutional investors also recently modified their holdings of the stock. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $29,000. Robinswood Financial LLC bought a new position in Mastercard during the 1st quarter worth approximately $25,000. Lifetime Wealth Management P.C. acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. First Pacific Financial grew its holdings in Mastercard by 113.8% during the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Finally, Monetary Solutions Ltd acquired a new position in Mastercard during the fourth quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Stock Up 1.7%
Shares of Mastercard stock traded up $9.86 on Tuesday, hitting $604.95. The company had a trading volume of 3,710,262 shares, compared to its average volume of 3,513,819. The firm has a market capitalization of $529.94 billion, a P/E ratio of 33.28, a P/E/G ratio of 1.68 and a beta of 0.76. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $605.60. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day moving average of $573.44 and a 200-day moving average of $532.76.
Mastercard Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.14%.
Insider Activity at Mastercard
In related news, insider Sachin Mehra sold 7,444 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the transaction, the insider directly owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the transaction, the chief executive officer owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. This trade represents a 12.54% 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 a total of 68,359 shares of company stock valued at $39,290,046 in the last quarter. 0.09% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on MA shares. Piper Sandler upped their target price on shares of Mastercard from $597.00 to $710.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Bank of America lifted their price target on shares of Mastercard from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. KeyCorp boosted their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $655.00 to $720.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group upped their price objective on shares of Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $681.56.
Trending Headlines about Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Analysts expect Mastercard’s upcoming third-quarter report to show double-digit earnings growth, reinforcing confidence after the company’s latest quarter exceeded both revenue and EPS expectations. Here’s What to Expect From Mastercard Incorporated’s Next Earnings Report
- Positive Sentiment: Mastercard is expanding its growth opportunities through a new stablecoin initiative on Solana for cross-border payments and a crypto-backed card program with SoFi Tech Solutions and Mexican fintech Orbi. These efforts could increase transaction volumes and strengthen Mastercard’s role in digital-asset payments. Mastercard launches Open USD stablecoin on Solana
- Positive Sentiment: The company and WEX launched an Asia-Pacific fleet-payments network expected to process billions of dollars in annual transactions as it expands across regional logistics and commercial-vehicle markets. WEX and Mastercard partner to unify fleet payments across Asia-Pacific
- Positive Sentiment: Mastercard announced an Africa Cybersecurity Center of Excellence and additional cyber-resilience initiatives, positioning the company to benefit from rising digital-payment adoption and security spending across rapidly digitizing markets. Cyber Resilience Is the Foundation for Africa’s Next Phase of Digital Growth
- Positive Sentiment: Mastercard remains above technical buy points alongside Visa, while digital-wallet adoption and new card products such as OneGold’s precious-metals-backed Mastercard could support broader payment volumes. Mastercard and Visa ride win streaks above buy points
- Neutral Sentiment: Director Julius Genachowski sold a combined 741 shares for approximately $435,000 under a pre-arranged Rule 10b5-1 plan. The sales modestly reduce his holdings but may not signal a change in management’s outlook.
- Negative Sentiment: Mastercard and Visa face a reported £700 million UK class-action claim related to post-Brexit fees. Potential legal costs or fee changes could pressure margins, although the ultimate financial impact remains uncertain. Visa and Mastercard face £700m class action
About Mastercard
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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