Mastercard Incorporated $MA Holdings Trimmed by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,752 shares of the credit services provider’s stock after selling 1,161 shares during the quarter. SteelPeak Wealth LLC’s holdings in Mastercard were worth $10,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Foster Group Inc. lifted its position in Mastercard by 0.9% in the third quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock valued at $1,170,000 after purchasing an additional 18 shares during the last quarter. Athena Wealth Management LLC grew its holdings in shares of Mastercard by 3.8% in the second quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after purchasing an additional 19 shares during the last quarter. Novem Group grew its holdings in shares of Mastercard by 0.4% in the second quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock worth $2,404,000 after purchasing an additional 19 shares during the last quarter. Vista Capital Partners Inc. grew its holdings in shares of Mastercard by 4.5% in the second quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 19 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its stake in shares of Mastercard by 0.7% in the first quarter. Brandywine Oak Private Wealth LLC now owns 2,842 shares of the credit services provider’s stock worth $1,420,000 after buying an additional 20 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Broader investor rotation is supporting the stock. Mastercard is among the companies reaching record levels as investors diversify beyond the artificial-intelligence and semiconductor trade. Upcoming earnings could help sustain the broader market rally. Coca-Cola, Visa and Mastercard Hit Records as Investors Rotate Out of Chip Stocks
• Positive Sentiment: Potentially improved access to China is a significant catalyst. U.S. officials raised market-access issues for Mastercard and Citigroup during bilateral talks, reiterating that approval for expanded operations had been agreed upon during September’s U.S.-China discussions. Greater access could expand Mastercard’s long-term payments opportunity in China. U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks
• Positive Sentiment: The Global Money Platform expands Mastercard’s role in digital payments. Mastercard and BVNK launched a single-API platform allowing banks, fintechs and businesses to hold, convert and spend fiat currencies and stablecoins across Mastercard’s network. The product is the first major integration since Mastercard acquired BVNK and could create new transaction and infrastructure revenue opportunities. Mastercard and BVNK Launch Global Money Platform to Power a Multi-Money World
• Positive Sentiment: Analysts expect another earnings beat. Coverage points to Mastercard’s history of exceeding consensus estimates and favorable earnings-surprise indicators. That optimism is supported by the company’s latest reported quarter, when revenue grew 14.1% year over year and earnings exceeded expectations. Will MasterCard Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Technical momentum is strong, but valuation warrants monitoring. Mastercard has extended a multiday winning streak and moved into a buy zone, while commentary suggests the stock could be undervalued if its returns on capital remain durable. However, its elevated valuation means disappointing guidance or slower payments growth could increase downside risk. Mastercard Stock Could Be 32% Undervalued After Stablecoin Payments Push

Mastercard Price Performance

Shares of MA stock opened at $617.14 on Friday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $622.49. The firm has a market cap of $540.62 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.77 and a beta of 0.76. The business’s 50 day moving average price is $575.99 and its 200-day moving average price is $534.99.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the prior year, the company earned $4.15 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Incorporated will post 19.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard’s payout ratio is presently 19.14%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Raymond James Financial reissued an “outperform” rating and set a $632.00 price target (up from $609.00) on shares of Mastercard in a research report on Friday, July 31st. Clear Str raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler boosted their price objective on shares of Mastercard from $597.00 to $710.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $682.66.

Insider Activity at Mastercard

In other news, Director Julius Genachowski sold 371 shares of Mastercard stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71. Following the sale, the director owned 8,607 shares of the company’s stock, valued at approximately $5,035,181.07. The trade was a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of Mastercard stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares in the company, valued at $23,613,851.08. The trade was a 15.39% 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 68,359 shares of company stock valued at $39,290,046 in the last 90 days. 0.09% of the stock is owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.