Randall & Associates Wealth Management acquired a new position in Mastercard Incorporated (NYSE:MA – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 879 shares of the credit services provider’s stock, valued at approximately $485,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Robinswood Financial LLC purchased a new position in Mastercard in the first quarter valued at approximately $25,000. First Pacific Financial raised its position in shares of Mastercard by 113.8% in the first 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. Allied Private Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $34,000. Premier Financial Group purchased a new stake in shares of Mastercard during the 2nd quarter valued at $39,000. Finally, Roxbury Financial LLC raised its position in Mastercard by 102.6% during the second quarter. Roxbury Financial LLC now owns 79 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 40 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard introduced its Global Money Platform, which integrates stablecoins with traditional currencies to support cross-border payments. The initiative could expand transaction volumes and create new opportunities among banks, businesses and fintech customers. Mastercard expands stablecoin reach with new money platform
- Positive Sentiment: The company launched Stablecoin Security, an API that combines payment and blockchain intelligence to screen for fraud, scams and sanctions exposure before funds move on-chain. The tool may reduce institutional concerns about stablecoins while creating additional security and risk-management revenue opportunities. Mastercard introduces risk intelligence to enable more secure stablecoin payments
- Positive Sentiment: Mastercard also unveiled an AI-powered Agent Detection Score to identify transactions initiated by software rather than humans. The product positions the network to manage fraud and trust risks as autonomous shopping agents become more widespread. Mastercard unveiled an AI Agent Detection Score
- Positive Sentiment: New and expanded partnerships, including initiatives with Moovn, BankIslami, Extend and Finsei, broaden Mastercard’s digital-payment, business-software and regional payment reach. These efforts could support long-term payment volume growth.
- Neutral Sentiment: CFO Ling Hai sold 4,317 shares valued at approximately $2.7 million under a pre-arranged Rule 10b5-1 plan. The transaction may weigh modestly on sentiment, but its scheduled nature limits its usefulness as a signal about Mastercard’s outlook. Mastercard CFO insider sale
- Negative Sentiment: With MA near a record level and valued at roughly 34 times earnings, expectations remain elevated. The stock may require continued strong revenue growth and earnings beats to sustain further gains.
Analyst Ratings Changes
A number of brokerages recently commented on MA. Morgan Stanley lifted their target price on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $701.00 price target (up from $674.00) on shares of Mastercard in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on Mastercard from $642.00 to $696.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Truist Financial raised their price objective on shares of Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, TD Cowen upped their price target on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $682.66.
Check Out Our Latest Report on Mastercard
Mastercard Price Performance
NYSE MA opened at $620.62 on Wednesday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $624.29. The company has a market capitalization of $543.67 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The business’s fifty day moving average is $578.27 and its 200 day moving average is $537.01.
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.15 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 19.91 earnings per share for the current year.
Mastercard Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.
Insider Buying and Selling
In related news, insider Linda Kirkpatrick sold 4,280 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the sale, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. This trade represents a 14.09% 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. Insiders sold a total of 72,676 shares of company stock worth $41,966,586 in the last 90 days. 0.09% of the stock is owned by company insiders.
Mastercard Profile
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 electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.
In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.
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