Martin Investment Management LLC Has $17.90 Million Holdings in Mastercard Incorporated $MA

Martin Investment Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,348 shares of the credit services provider’s stock after selling 2,194 shares during the period. Mastercard makes up approximately 4.7% of Martin Investment Management LLC’s holdings, making the stock its 9th biggest holding. Martin Investment Management LLC’s holdings in Mastercard were worth $17,896,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MA. Norges Bank bought a new stake in Mastercard in the 4th quarter valued at $6,705,708,000. State Street Corp increased its holdings in Mastercard by 2.8% during the 3rd 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 955,533 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Mastercard by 792.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after purchasing an additional 768,514 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Mastercard by 6.5% in the third 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 purchasing an additional 629,941 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Daiwa Securities Group set a $610.00 target price on Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Evercore reaffirmed a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial lifted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $656.04.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: TD Cowen reiterated its Buy rating on Mastercard with a $671 price target, citing Q1 results that showed 12% net revenue growth and reinforcing a constructive view on the company’s growth outlook. TD Cowen Reaffirms Buy Rating on Mastercard (MA) After Q1 Results
• Positive Sentiment: Mastercard joined a European cross-border instant payments pilot with the central banks of Denmark and Sweden, a move that highlights continued expansion in faster payments and could support long-term transaction growth. Mastercard Joins European Cross-Border Instant Payments Pilot
• Positive Sentiment: Mastercard also rolled out new AI-powered fraud and merchant-trust tools, which should help strengthen network security and reduce fraud-related losses over time. Mastercard Tightens Fraud Rules And AI Tools As Share Price Slips
• Neutral Sentiment: Several investor commentary pieces argued Mastercard screens attractively after a year of underperformance, suggesting valuation support but not a near-term catalyst by itself. Visa at $326, Mastercard at $493: Buy, Sell or Hold?
• Neutral Sentiment: Mastercard was mentioned in a report about Berkshire Hathaway removing the stock from its portfolio, which may create some headline pressure, though the impact on fundamentals appears limited. Another fintech giant gets the pink slip from Warren Buffett’s Berkshire

Mastercard Stock Performance

Shares of NYSE MA opened at $496.08 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $438.33 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The stock has a 50 day moving average of $501.32 and a 200-day moving average of $526.96.

Mastercard (NYSE:MA) last posted 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. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.73 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

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.