Manitou Investment Management Ltd. Has $34.09 Million Stock Position in Mastercard Incorporated $MA

Manitou Investment Management Ltd. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,380 shares of the credit services provider’s stock after selling 2,847 shares during the quarter. Mastercard makes up 6.3% of Manitou Investment Management Ltd.’s holdings, making the stock its 8th largest position. Manitou Investment Management Ltd.’s holdings in Mastercard were worth $34,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after buying an additional 466,514 shares in the last quarter. J. Stern & Co. LLP lifted its position in Mastercard by 53,535.0% during the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after acquiring an additional 72,461,743 shares during the last quarter. State Street Corp lifted its position in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after acquiring an additional 349,369 shares in the last quarter. Finally, Capital International Investors boosted its stake in 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 acquiring an additional 759,584 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, insider J. Mehra Sachin sold 3,000 shares of Mastercard stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $571.87, for a total transaction of $1,715,610.00. Following the completion of the transaction, the insider owned 40,916 shares in the company, valued at approximately $23,398,632.92. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider owned 3,322 shares of the company’s stock, valued at $1,793,880. The trade was a 5.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 62,913 shares of company stock valued at $35,769,036 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MA shares. Clear Str raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada raised their price objective on Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley boosted their target price on Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $632.00 target price on shares of Mastercard in a research report on Friday, July 31st. Finally, KeyCorp increased their price target on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $661.93.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Stablecoin initiatives strengthen Mastercard’s growth outlook: Mastercard is partnering with Borderless.xyz to test trusted cross-border stablecoin payment flows using Mastercard Crypto Credential. The company is also a founding validator for Circle’s Arc blockchain, scheduled to launch on September 16, alongside BlackRock, Visa and other financial institutions. These initiatives could create future transaction, compliance and infrastructure revenue opportunities. Mastercard and Borderless.xyz stablecoin partnership
• Positive Sentiment: Fiserv deal expands merchant reach: Mastercard’s integration with Fiserv Commerce Hub will give enterprise merchants a single connection to Mastercard services across online, mobile and in-store channels, potentially increasing payment volume and adoption of higher-margin value-added services. Mastercard expands merchant reach through Fiserv
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to rate Mastercard positively, with Cantor Fitzgerald recently raising its price target to $695 and maintaining an overweight rating. The outlook is supported by Mastercard’s latest earnings beat, including revenue growth of 14.1% year over year. Wall Street outlook for Mastercard
• Neutral Sentiment: New Mastercard corporate cards in the UAE and Egypt and expanded premium travel benefits in Asia could support regional engagement, but the near-term earnings impact is likely limited. Mastercard corporate cards in the UAE and Egypt
• Negative Sentiment: Multiple insiders sold shares: CEO Michael Miebach sold 15,372 shares for approximately $8.8 million, while J. Mehra Sachin sold 3,000 shares and Linda Pistecchia Kirkpatrick recently sold 4,280 shares. All transactions were made under pre-arranged Rule 10b5-1 plans, reducing—but not eliminating—the bearish signal. Mastercard insider sale filings

Mastercard Price Performance

Shares of NYSE:MA opened at $576.16 on Friday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company’s 50 day moving average is $521.01 and its 200 day moving average is $515.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market cap of $509.09 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. Mastercard’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $4.15 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 19.78 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.

Mastercard Company 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.