Montrusco Bolton Investments Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 38.7% during the third quarter, HoldingsChannel.com reports. The firm owned 286,931 shares of the credit services provider’s stock after selling 181,425 shares during the quarter. Mastercard makes up about 2.6% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 15th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Mastercard were worth $158,234,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MA. State Street Corp boosted its stake in shares of Mastercard by 1.3% in 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 buying an additional 486,283 shares during the period. Jennison Associates LLC increased its stake in Mastercard by 10.4% during the 1st quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock worth $2,559,779,000 after acquiring an additional 480,725 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 42,871 shares during the period. Amundi increased its stake in 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 acquiring an additional 199,424 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Mastercard by 17.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock valued at $1,831,763,000 after acquiring an additional 554,366 shares in the last quarter. 97.28% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. President Capital upped their target price on Mastercard from $693.00 to $729.00 and gave the company a “buy” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. increased their target price on Mastercard from $655.00 to $720.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $632.00 price target (up from $609.00) on shares of Mastercard in a research report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and issued a $701.00 price target (up from $674.00) on shares of Mastercard in a research report on Thursday, July 30th. Finally, Morgan Stanley boosted their price target on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two 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, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $681.56.
Mastercard Price Performance
Shares of NYSE MA traded up $9.86 during trading hours on Tuesday, hitting $604.95. 3,710,262 shares of the stock were exchanged, compared to its average volume of 3,513,819. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $529.94 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 1.68 and a beta of 0.76. The company’s fifty day simple moving average is $572.76 and its two-hundred day simple moving average is $532.04. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $605.60.
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, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. During the same period last year, the firm posted $4.15 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 19.90 EPS for the current year.
Mastercard Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.14%.
Insiders Place Their Bets
In other news, Director Julius Genachowski sold 370 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $590.21, for a total transaction of $218,377.70. Following the completion of the transaction, the director owned 8,237 shares of the company’s stock, valued at approximately $4,861,559.77. The trade was a 4.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total value of $8,838,900.00. Following the sale, the chief executive officer owned 93,693 shares of the company’s stock, valued at approximately $53,873,475. This represents a 14.09% decrease in their ownership of the stock. 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 90 days, insiders sold 68,359 shares of company stock worth $39,290,046. 0.09% of the stock is owned by company insiders.
Key Stories Impacting 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
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 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.
Read More
- Five stocks we like better than Mastercard
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
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.
