Cane Capital Partners LLC Has $1.28 Million Stock Position in Mastercard Incorporated $MA

Cane Capital Partners LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 153.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,568 shares of the credit services provider’s stock after acquiring an additional 1,554 shares during the quarter. Cane Capital Partners LLC’s holdings in Mastercard were worth $1,283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Mastercard by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares in the last quarter. J. Stern & Co. LLP grew its position in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares in the last quarter. State Street Corp increased its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the period. Geode Capital Management LLC increased its holdings in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the period. Finally, Capital International Investors raised its position in shares of Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MA shares. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $679.00 target price on shares of Mastercard in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $653.81.

Mastercard Stock Up 1.8%

Shares of MA opened at $522.60 on Thursday. The firm has a 50 day simple moving average of $496.78 and a two-hundred day simple moving average of $519.05. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The company has a market cap of $461.76 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.60 and a beta of 0.73.

Mastercard (NYSE:MA) last issued its 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 return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the business posted $3.73 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was upgraded by Piper Sandler to strong-buy, signaling improved analyst sentiment and supporting the stock. The Fly report on Piper Sandler upgrade
• Positive Sentiment: Mastercard is being mentioned as part of the new Open USD stablecoin consortium, which could strengthen its position in digital payments and cross-border settlement if adoption grows. Open USD consortium article
• Positive Sentiment: Mastercard announced a new cybersecurity centre in Africa, a move that highlights investment in payment security and could support long-term network trust and adoption. Mastercard cybersecurity centre article
• Neutral Sentiment: A commentary piece questioned whether Mastercard trades at a premium valuation despite stablecoin-related developments, but it did not introduce a new fundamental catalyst.
• Neutral Sentiment: A separate review of a Citi AAdvantage Mastercard credit card is consumer-oriented and not likely to materially affect Mastercard’s earnings outlook. CNBC Citi AAdvantage Globe Mastercard review

About Mastercard

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.