5,931 Mastercard Incorporated $MA Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 403,962 shares of the credit services provider’s stock after selling 5,931 shares during the quarter. Mastercard accounts for approximately 0.7% of Keybank National Association OH’s investment portfolio, making the stock its 28th biggest position. Keybank National Association OH’s holdings in Mastercard were worth $222,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Robinswood Financial LLC bought a new position in Mastercard in the first quarter valued at about $25,000. Next Level Wealth Planning LLC acquired a new position in Mastercard during the third quarter worth about $31,000. Allied Private Wealth LLC bought a new position in shares of Mastercard in the second quarter worth about $34,000. Premier Financial Group bought a new position in shares of Mastercard in the second quarter worth about $39,000. Finally, Roxbury Financial LLC lifted its holdings in shares of Mastercard by 102.6% in the second quarter. Roxbury Financial LLC now owns 79 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Citigroup raised its Mastercard price target from $675 to $800 and maintained a “buy” rating. The new target implies about 21.4% upside from the cited $658.91 price, signaling increased analyst optimism. TickerReport article
• Positive Sentiment: Mastercard will be the card-network partner for Sage’s planned small-business accounts and debit cards, initially being implemented in France with Adyen. The arrangement could broaden Mastercard’s reach among small businesses. Sage partnership article
• Positive Sentiment: Other partnerships include a BMO business credit card in Canada and a Citizens treasury-management service using Mastercard technology, expanding its commercial-card and corporate-services footprint. Business banking partnerships article
• Positive Sentiment: Investor activity has also been supportive: one report said Pershing Square added to Mastercard in the second quarter, while another reported a fund increased its stake by 1,884% in the third quarter. Pershing Square holdings article Fund holdings article
• Neutral Sentiment: CEO Michael Miebach described cybersecurity as a major concern for protecting financial infrastructure. The comments highlight an ongoing industry risk, but no specific breach or new Mastercard-related impact was reported. Cybersecurity interview

Mastercard Trading Up 0.5%

Shares of NYSE MA opened at $658.91 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.01 and a current ratio of 1.01. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $681.99. The firm has a 50 day moving average price of $595.74 and a two-hundred day moving average price of $540.39. The stock has a market cap of $574.03 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.78.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Friday, October 9th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, October 9th. Mastercard’s dividend payout ratio is presently 18.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MA shares. UBS Group restated a “buy” rating and issued a $725.00 price target on shares of Mastercard in a research note on Thursday, November 5th. Wolfe Research increased their price objective on shares of Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. BMO Capital Markets reissued an “outperform” rating and issued a $665.00 price objective on shares of Mastercard in a research note on Thursday, October 15th. Weiss Ratings upgraded shares of Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Finally, BNP Paribas Exane boosted their target price on shares of Mastercard from $680.00 to $713.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $709.45.

Insider Activity at Mastercard

In other Mastercard news, insider Sachin Mehra sold 3,266 shares of Mastercard stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total transaction of $1,907,344.00. Following the transaction, the insider directly owned 36,650 shares of the company’s stock, valued at approximately $21,403,600. The trade was a 8.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,317 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $641.00, for a total value of $2,767,197.00. Following the completion of the sale, the chief financial officer owned 35,750 shares in the company, valued at $22,915,750. This trade represents a 10.77% 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. Insiders sold 25,403 shares of company stock worth $15,428,736 over the last three months. Company insiders own 0.09% of the company’s stock.

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.