Reynders McVeigh Capital Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,828 shares of the credit services provider’s stock after buying an additional 3,006 shares during the quarter. Mastercard comprises 3.0% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Mastercard were worth $72,843,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Hyposwiss Advisors SA bought a new position in shares of Mastercard during the 4th quarter valued at approximately $29,000. Robinswood Financial LLC purchased a new stake in shares of Mastercard in the first quarter worth approximately $25,000. Lifetime Wealth Management P.C. bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. First Pacific Financial lifted 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 during the last quarter. Finally, Tucker Asset Management LLC purchased a new position in Mastercard during the 4th quarter valued at $37,000. 97.28% of the stock is currently owned by institutional investors.
Mastercard Stock Performance
NYSE MA traded down $1.71 on Tuesday, hitting $572.71. 2,127,728 shares of the company’s stock traded hands, compared to its average volume of 3,576,764. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market capitalization of $501.70 billion, a PE ratio of 31.50, a P/E/G ratio of 1.63 and a beta of 0.74. The firm’s 50-day moving average price is $563.88 and its two-hundred day moving average price is $523.87.
Analyst Ratings Changes
Several equities analysts have commented on MA shares. Keefe, Bruyette & Woods upped their price objective on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Cantor Fitzgerald upped their target price on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. UBS Group upped their price target on shares of Mastercard from $640.00 to $670.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. KeyCorp raised their price objective on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, August 21st. Five 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $666.64.
Read Our Latest Report on Mastercard
Insider Activity
In other news, insider Sachin Mehra sold 7,444 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction 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 $23,613,851.08. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 that occurred on Friday, July 31st. The shares were 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 in the company, valued at $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 74,623 shares of company stock worth $42,544,606 over the last three months. Corporate insiders own 0.09% of the company’s stock.
Mastercard News Roundup
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Incoming CFO Ling Hai outlined a growth strategy focused on international expansion, stablecoin-related payments, value-added services, targeted acquisitions and infrastructure investment. The comments reinforce Mastercard’s efforts to diversify beyond traditional card transaction revenue, although increased spending and acquisitions could pressure margins. Mastercard CFO seeks international growth
- Positive Sentiment: Mastercard announced multiple partnerships and market-expansion efforts, including a HyperSpend SME expense-management platform with HyperPay in Saudi Arabia, a cross-border card program with KEO Capital, and the first internationally accepted payment card in Syria with QNB Group. These initiatives can expand card issuance, payment volume and Mastercard’s presence in underpenetrated markets. HyperSpend partnership
- Positive Sentiment: Mastercard’s Dreamonomics research found that 89% of surveyed small businesses want more digital tools and 71% prioritize cyber protection. This supports demand for Mastercard’s data, fraud-prevention and business-payment services, while its U.S. and global campaigns aim to deepen SME engagement. Dreamonomics small-business report
- Neutral Sentiment: Mastercard completed a UAE central-bank program on fraud-risk management and partnered with Bank Audi to help 10,000 Lebanese entrepreneurs enter the digital economy. The announcements strengthen Mastercard’s brand and relationships but provide limited immediate financial detail. UAE fraud-risk program
- Negative Sentiment: UK banks are raising funds to develop a domestic payments infrastructure that could eventually become an alternative to Mastercard and Visa. The project is still early-stage, but it highlights potential future pressure on Mastercard’s network position and transaction economics in the United Kingdom. UK payments infrastructure initiative
Mastercard Company Profile
Mastercard Incorporated (NYSE: MA) is a global technology company that operates a payments network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payment transactions, including credit, debit, prepaid and commercial payments, by providing the infrastructure used to authorize, clear and settle transactions.
Mastercard’s products and services include its Mastercard-branded payment cards, digital payment tools, contactless payment technology and payment solutions for businesses and governments.
Further Reading
- Five stocks we like better than Mastercard
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
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.
