Magellan Asset Management Ltd Sells 20,811 Shares of Mastercard Incorporated $MA

Magellan Asset Management Ltd decreased its position in Mastercard Incorporated (NYSE:MA) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 631,398 shares of the credit services provider’s stock after selling 20,811 shares during the quarter. Mastercard accounts for about 4.4% of Magellan Asset Management Ltd’s holdings, making the stock its 5th biggest holding. Magellan Asset Management Ltd’s holdings in Mastercard were worth $360,452,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Tacita Capital Inc raised its holdings in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC raised its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares in the last quarter. Finally, Birchbrook Inc. acquired a new stake in Mastercard in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $481.54 on Friday. The firm has a market capitalization of $425.48 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.47 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm’s 50 day moving average is $500.03 and its two-hundred day moving average is $525.34.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.73 earnings per share. Research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Bank of America began coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target on the stock. Citigroup dropped their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group dropped their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding its settlement network to support stablecoins and more continuous transaction processing, which could improve long-term payment volume and keep the company competitive as crypto-based rails gain traction.
• Positive Sentiment: Reports that Mastercard may participate in a shared stablecoin platform with Stripe, Visa, and Coinbase point to new partnership-driven growth opportunities and broader adoption of Mastercard’s payment infrastructure.
• Positive Sentiment: Loop Capital reiterated a buy rating and raised its price target to $631, signaling Wall Street confidence in Mastercard’s earnings power and upside potential.

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.