Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 70.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 514 shares of the credit services provider’s stock after selling 1,226 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mastercard were worth $284,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in MA. Fundsmith LLP acquired a new stake in shares of Mastercard during the 2nd quarter valued at $639,458,000. Corient Private Wealth LP grew its holdings in shares of Mastercard by 147.2% during the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock valued at $863,969,000 after acquiring an additional 1,001,671 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mastercard by 295.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock valued at $441,702,000 after acquiring an additional 642,724 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Mastercard by 31.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,524,059 shares of the credit services provider’s stock worth $1,440,935,000 after acquiring an additional 605,608 shares during the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of Mastercard in the first quarter worth $293,574,000. Institutional investors and hedge funds own 97.28% of the company’s stock.
Mastercard Stock Up 0.0%
Mastercard stock traded up $0.10 during mid-day trading on Wednesday, hitting $604.90. 1,703,180 shares of the company’s stock were exchanged, compared to its average volume of 3,503,947. 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 stock has a market cap of $529.90 billion, a P/E ratio of 33.28, a P/E/G ratio of 1.70 and a beta of 0.76. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $606.61. The stock has a 50 day moving average of $573.44 and a two-hundred day moving average of $532.76.
Mastercard Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend 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%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Truist Financial increased their price objective on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their target price on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research note 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 research report on Monday, August 3rd. Loop Capital raised their price target on Mastercard from $631.00 to $647.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Evercore lifted their price target on Mastercard from $550.00 to $620.00 in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $681.56.
Check Out Our Latest Stock Analysis on Mastercard
Insiders Place Their Bets
In related news, CEO Michael Miebach sold 15,372 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value 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 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, insider Linda Kirkpatrick sold 4,280 shares of Mastercard stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider owned 31,179 shares in the company, valued at $17,781,695.49. This represents a 12.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 68,359 shares of company stock valued at $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. The company’s latest quarter also exceeded consensus estimates for earnings and revenue, reinforcing optimism about continued transaction-volume growth. Mastercard next earnings report
- Positive Sentiment: Mastercard is extending its network into digital assets through a crypto-linked card in Mexico with SoFi Tech Solutions and Orbi. Customers can spend either fiat or crypto while merchants receive traditional currency, potentially increasing payment activity on Mastercard’s network. Mastercard Orbi crypto card
- Positive Sentiment: The company launched an Open USD stablecoin initiative on Solana for cross-border payments, highlighting Mastercard’s effort to participate in blockchain-based settlement and international commerce. Mastercard stablecoin initiative
- Positive Sentiment: Mastercard announced an Africa Cybersecurity Center of Excellence and partnered with WEX on a unified Asia-Pacific fleet-payments network. These initiatives could support long-term growth in cybersecurity, commercial payments and emerging markets. Mastercard Africa and Asia-Pacific expansion
- Positive Sentiment: Technical commentary describes MA as being above key buy points and potentially approaching a long-term breakout. Analysts broadly rate the shares a “Moderate Buy,” with reported price targets above the current trading range. Mastercard potential breakout
- Neutral Sentiment: Director Julius Genachowski sold shares in October under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduced his holdings but do not necessarily indicate a change in management’s outlook. Mastercard insider transaction filing
- Neutral Sentiment: Mastercard’s long-term investment performance and defensive pure-play payment-network profile continue to attract investor attention, although the shares trade at a premium valuation.
- Negative Sentiment: Mastercard and Visa face a reported £700 million U.K. class action concerning post-Brexit fees, creating potential legal costs and regulatory risk. U.K. class action involving Mastercard
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.
Featured Articles
- Five stocks we like better than Mastercard
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
- How a Hurricane Could Help Some Refineries—and Hurt Others
- Intel Bets on Cheaper AI as Foundry Losses Mount
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.
