Marin Bay Wealth Advisors LLC Increases Stock Holdings in Mastercard Incorporated $MA

Marin Bay Wealth Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 60.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,429 shares of the credit services provider’s stock after purchasing an additional 1,667 shares during the quarter. Mastercard makes up 0.7% of Marin Bay Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Marin Bay Wealth Advisors LLC’s holdings in Mastercard were worth $2,213,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 during the period. J. Stern & Co. LLP lifted its holdings in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after acquiring an additional 72,461,743 shares during the period. State Street Corp lifted its holdings in shares of 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 acquiring an additional 997,536 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 worth $11,773,153,000 after acquiring an additional 349,369 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after acquiring an additional 759,584 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MA shares. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a report on Friday, May 1st. Barclays initiated coverage on shares of Mastercard in a research note on Wednesday, July 8th. They set an “overweight” rating and a $640.00 price objective for the company. Loop Capital restated a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Finally, TD Cowen reduced their target price on Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $653.92.

Mastercard Stock Down 1.8%

MA opened at $537.33 on Wednesday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The firm has a 50 day moving average price of $505.73 and a 200 day moving average price of $515.35. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $474.78 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73.

Mastercard (NYSE:MA) last announced 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. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company posted $3.73 earnings per share. Mastercard’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis 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 currently 20.14%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total value of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was 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 in the company, valued at approximately $1,793,880. This represents a 5.68% 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 have sold a total of 7,005 shares of company stock worth $3,689,976 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

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.