1,235 Mastercard Incorporated $MA Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,781 shares of the credit services provider’s stock after selling 1,235 shares during the quarter. SVB Wealth LLC’s holdings in Mastercard were worth $2,637,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. State Street Corp lifted its stake in Mastercard by 1.3% in the 2nd 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 in the last quarter. Jennison Associates LLC grew its holdings 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 valued at $2,559,779,000 after buying an additional 480,725 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mastercard by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after buying an additional 42,871 shares in the last quarter. Amundi increased its position in Mastercard by 5.8% during the second quarter. Amundi now owns 3,626,416 shares of the credit services provider’s stock worth $1,862,527,000 after buying an additional 199,424 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Mastercard by 17.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock worth $1,831,763,000 after acquiring an additional 554,366 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider Sachin Mehra sold 7,444 shares of Mastercard stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the sale, the insider owned 40,916 shares in the company, valued at $23,613,851.08. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 371 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71. Following the transaction, the director directly owned 8,607 shares of the company’s stock, valued at approximately $5,035,181.07. This represents a 4.13% 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. Over the last ninety days, insiders have sold 25,403 shares of company stock worth $15,428,736. 0.09% of the stock is owned by company insiders.

Mastercard Trading Down 1.2%

Shares of Mastercard stock opened at $652.48 on Friday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $681.99. The firm has a market cap of $568.43 billion, a PE ratio of 34.13, a P/E/G ratio of 1.86 and a beta of 0.78. The business’s fifty day moving average is $598.61 and its two-hundred day moving average is $541.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.29.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.14. The business had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.66 billion. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.38 earnings per share. Analysts anticipate that Mastercard Incorporated will post 20.00 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Friday, October 9th were given a dividend of $0.87 per share. The ex-dividend date was Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is 18.20%.

More Mastercard News

Investors following MA have been watching these news items:

• Positive Sentiment: Bernstein raised its price target on Mastercard to $764 from $730 and reiterated an “outperform” rating, implying 17.1% upside from the cited $652.48 reference price. TickerReport article
• Positive Sentiment: Mastercard is expanding payment capabilities and partnerships. It completed a reported agentic travel transaction, and separately partnered with Glyde to bring virtual-card payments to Southern Africa’s travel sector—developments that could support new use cases and transaction activity. PYMNTS article Mastercard and Glyde article
• Neutral Sentiment: Mastercard’s Canadian holiday survey found shoppers are emphasizing budgeting and value. That is useful context for consumer spending, but the report does not provide evidence of a change in Mastercard’s payment volumes. Yahoo Finance article

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Piper Sandler upped their price objective on Mastercard from $597.00 to $710.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $665.00 price objective on shares of Mastercard in a research report on Thursday, October 15th. TD Cowen boosted their target price on shares of Mastercard from $667.00 to $726.00 and gave the company a “buy” rating in a research note on Friday, October 30th. BNP Paribas Exane boosted their target price on shares of Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Mastercard from $660.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $713.21.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods. The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.