Flagship Harbor Advisors LLC cut its position in Mastercard Incorporated (NYSE:MA – Free Report) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,351 shares of the credit services provider’s stock after selling 1,142 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Mastercard were worth $4,606,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Mastercard by 1.3% during the second quarter. State Street Corp now owns 36,964,305 shares of the credit services provider’s stock valued at $18,984,867,000 after acquiring an additional 486,283 shares during the period. Jennison Associates LLC increased its stake in shares of Mastercard by 10.4% in the first quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock worth $2,559,779,000 after purchasing an additional 480,725 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mastercard by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after purchasing an additional 42,871 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Mastercard by 17.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock worth $1,831,763,000 after purchasing an additional 554,366 shares during the last quarter. Finally, Amundi lifted its position in shares of Mastercard by 5.8% during the 2nd quarter. Amundi now owns 3,626,416 shares of the credit services provider’s stock worth $1,862,527,000 after purchasing an additional 199,424 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Mastercard Stock Performance
MA opened at $614.38 on Tuesday. The stock has a market cap of $538.21 billion, a PE ratio of 33.21, a P/E/G ratio of 1.78 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $633.29. The stock’s 50 day simple moving average is $581.69 and its 200-day simple moving average is $535.08.
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 business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same period in the prior year, the company posted $4.15 earnings per share. Mastercard’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 19.91 EPS for the current year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.14%.
Key Headlines Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard partnered with Tech Mahindra to embed virtual cards and payment capabilities into ERP and procurement platforms. The initiative could expand Mastercard’s business-to-business payments volume, improve spend controls and support value-added-services revenue. Tech Mahindra and Mastercard partnership
- Positive Sentiment: The company is expanding its First-Party Trust program across Europe, the Middle East and Africa to reduce “friendly fraud” and payment disputes. Broader fraud-prevention and chargeback tools may strengthen merchant relationships and create additional services revenue. Mastercard EMEA fraud program
- Positive Sentiment: Mastercard launched a creator-focused card initiative with MrBeast’s Beast Industries, potentially supporting new co-branded card programs, consumer engagement and creator-economy payment products. Mastercard creator card project
- Positive Sentiment: Mastercard is being positioned to benefit from long-term digital-payments growth, AI-agent commerce, tokenization and expanded payment-security applications. A financing platform with FCMB could also broaden financial access for Nigerian farmers. Mastercard and AI-agent commerce
- Neutral Sentiment: Analysts expect Visa and Mastercard to meet or beat quarterly estimates, with investors focused on payment volume, cross-border growth, value-added services and management’s outlook. The positive expectations raise the bar for MA’s October 29 report. Visa and Mastercard earnings outlook
- Negative Sentiment: With Mastercard trading at roughly 34 times earnings and near its annual high, investors may be locking in gains or reducing exposure before earnings. Any disappointment in key metrics or guidance could pressure the stock despite favorable long-term fundamentals. Mastercard third-quarter earnings risks
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Clear Str upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $665.00 price target on shares of Mastercard in a research report on Thursday, October 15th. Morgan Stanley upped their price target on Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group increased their price objective on Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $701.00 price objective (up from $674.00) on shares of Mastercard in a research note on Thursday, July 30th. Two equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $683.94.
Insider Buying and Selling
In other news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the sale, the chief executive officer directly owned 115,921 shares in the company, valued at approximately $65,806,033.28. The trade was a 12.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 31,179 shares in the company, valued at approximately $17,781,695.49. The trade was a 12.07% 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. In the last quarter, insiders have sold 72,676 shares of company stock worth $41,966,586. Insiders own 0.09% of the company’s stock.
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 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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