4,261 Shares in Mastercard Incorporated $MA Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,261 shares of the credit services provider’s stock, valued at approximately $2,361,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. State Street Corp boosted its position 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 buying an additional 486,283 shares during the period. Jennison Associates LLC grew its position 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 last quarter. Dimensional Fund Advisors LP increased its stake in Mastercard by 1.0% in 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 period. Amundi increased its stake in Mastercard by 5.8% in 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 period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Mastercard by 17.8% during the first 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 purchasing an additional 554,366 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.4%

MA stock traded down $2.41 on Wednesday, reaching $602.39. The company’s stock had a trading volume of 3,240,253 shares, compared to its average volume of 3,512,358. The firm has a market cap of $527.70 billion, a PE ratio of 33.13, a PEG ratio of 1.70 and a beta of 0.76. The business has a fifty day simple moving average of $573.44 and a two-hundred day simple moving average of $532.76. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $606.61. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06.

Mastercard (NYSE:MA) last issued 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 the consensus estimate of $9.08 billion. During the same period in the previous year, the firm earned $4.15 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 19.90 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.14%.

Insider Activity at Mastercard

In other Mastercard news, insider Sachin Mehra sold 7,444 shares of Mastercard 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 sale, the insider directly owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. The trade was a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction that occurred on Friday, July 31st. The stock was 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. 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. Insiders have sold 68,359 shares of company stock worth $39,290,046 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Clear Str upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. President Capital boosted their price objective on shares of 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. boosted their price objective on shares of Mastercard from $655.00 to $720.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $701.00 price objective (up from $674.00) on shares of Mastercard in a research note on Thursday, July 30th. Finally, Piper Sandler increased their target price on shares of Mastercard from $597.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $681.56.

Key Headlines 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 exceeded consensus estimates for both revenue and EPS, reinforcing expectations for continued operating momentum. Mastercard earnings expectations
• Positive Sentiment: Mastercard is expanding into digital assets through a crypto-linked card program in Mexico with SoFi Tech Solutions and Orbi. The offering lets users spend fiat or cryptocurrency while merchants receive traditional currency, potentially increasing transaction volume on Mastercard’s network. Mastercard Orbi crypto card program
• Positive Sentiment: A new Open USD stablecoin initiative on Solana positions Mastercard for blockchain-based settlement and cross-border payments. The company also announced an Africa cybersecurity center and an Asia-Pacific fleet-payments network with WEX, broadening its commercial and emerging-market growth opportunities. Mastercard stablecoin initiative
• Positive Sentiment: Technical coverage highlights Mastercard’s sustained rally, movement above key buy points and potential for a longer-term breakout. Several analysts maintain bullish ratings, with a reported consensus price target materially above recent trading levels. Mastercard technical breakout analysis
• Neutral Sentiment: Director Julius Genachowski sold shares in two transactions totaling roughly $435,000 under a pre-arranged Rule 10b5-1 plan. The sales reduce his holdings but are less significant as a discretionary bearish signal because they were scheduled in advance. Mastercard insider transaction filing
• Negative Sentiment: Mastercard and Visa reportedly face a £700 million U.K. class action concerning post-Brexit fees. Although the ultimate financial impact is uncertain, the litigation creates a potential regulatory and liability overhang for MA. Visa and Mastercard U.K. 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.