First Manhattan CO. LLC. cut its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,215 shares of the credit services provider’s stock after selling 1,869 shares during the period. First Manhattan CO. LLC.’s holdings in Mastercard were worth $38,372,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. lifted its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares during the last quarter. Affinity Capital Advisors LLC lifted its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares during the last quarter. Abacus Planning Group Inc. lifted its position in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares during the last quarter. Thomasville National Bank lifted its position in Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares during the last quarter. Finally, Castle Rock Wealth Management LLC lifted its position in Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have issued reports on MA shares. Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. Finally, Loop Capital reiterated a “buy” rating and issued a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $656.04.
Mastercard Stock Down 1.7%
NYSE MA opened at $492.93 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a 50 day moving average of $499.23 and a 200-day moving average of $522.41. The company has a market cap of $435.54 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.56 and a beta of 0.74.
Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the business earned $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.
Mastercard Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.
Trending Headlines about Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard expanded its cross-border payments footprint through a new partnership involving PaidBy and joined the Appia Foundation, reinforcing its growth opportunity in international payments. Mastercard (MA) Expands Cross Border Payments With PaidBy And Joins Appia Foundation
- Positive Sentiment: Mastercard announced a quarterly cash dividend of $0.87 per share, signaling ongoing financial strength and a continued commitment to returning capital to shareholders. Mastercard Board of Directors Announces Quarterly Dividend
- Positive Sentiment: Management commentary on consumer spending suggests households are still navigating the economy well, which is important for Mastercard because transaction volume tends to track consumer activity. Consumers are doing well in navigating the current economic environment, says Mastercard’s Meyer
- Positive Sentiment: Analyst-style coverage highlighted Mastercard as a top-ranked momentum stock, reflecting continued market interest in the company’s earnings quality and durable growth profile. MasterCard (MA) is a Top-Ranked Momentum Stock: Should You Buy?
- Neutral Sentiment: Mastercard’s annual meeting results were released, but the filing appears routine and does not include an obvious new catalyst for the stock. Mastercard Announces Annual Meeting Results
- Neutral Sentiment: Several articles focused on Mastercard executives’ views on AI, marketing, and “agentic commerce,” which are strategically interesting but mostly long-term narrative drivers rather than immediate stock catalysts. Why Agentic Commerce Could Be a Game-Changer for Mastercard
Mastercard Company Profile
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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