Mastercard Incorporated $MA Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,592 shares of the credit services provider’s stock after acquiring an additional 3,799 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Mastercard were worth $23,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. State Street Corp boosted its position in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the period. Vanguard Group Inc. boosted its position in Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after buying an additional 955,533 shares during the period. Assenagon Asset Management S.A. boosted its position in Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after buying an additional 768,514 shares during the period. Capital Research Global Investors boosted its position in Mastercard by 6.5% in the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after buying an additional 629,941 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Mastercard in the 4th quarter valued at approximately $289,353,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

Analysts Set New Price Targets

Several brokerages have commented on MA. Royal Bank Of Canada decreased their price target 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. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a research report on Wednesday, January 28th. Macquarie Infrastructure raised their price target on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $739.00 price target on shares of Mastercard in a research report on Thursday, January 29th. Finally, Loop Capital initiated coverage on shares of Mastercard in a report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price objective on the stock. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard Price Performance

Shares of MA opened at $495.41 on Thursday. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The firm’s fifty day simple moving average is $501.38 and its 200-day simple moving average is $528.21. The firm has a market capitalization of $437.74 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.54 and a beta of 0.76. 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 (NYSE:MA) last announced its quarterly earnings data 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 business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the business earned $3.73 EPS. The company’s revenue was up 15.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard 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.