Mastercard Incorporated $MA Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 107,536 shares of the credit services provider’s stock after selling 2,835 shares during the quarter. Mastercard makes up 5.8% of Wendell David Associates Inc.’s investment portfolio, making the stock its 3rd largest position. Wendell David Associates Inc.’s holdings in Mastercard were worth $53,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC grew its position in Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $431,000. 97.28% of the stock is owned by institutional investors and hedge funds.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard launched an Africa Cybersecurity Centre of Excellence in South Africa, a move that could deepen relationships with governments and financial institutions while reinforcing its role in digital security. Mastercard launches Africa Cybersecurity Centre of Excellence
• Positive Sentiment: The company is working with quantum computing firm OQC to explore better fraud detection, which could help Mastercard combat the large and growing fraud problem in payments. Mastercard (MA) Stock Rises as It Taps Quantum Tech to Fight $343 Billion Fraud Problem
• Positive Sentiment: An analyst began coverage on Mastercard with a bullish view, adding to sentiment support for the stock. This Mastercard Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
• Neutral Sentiment: Mastercard highlighted that 87% of Moroccan SMEs remain confident about their business outlook, which is supportive of regional economic activity but is not a direct financial catalyst. Mastercard: 87% of Moroccan SMEs Confident About Business Outlook
• Negative Sentiment: Reports that a Visa-Mastercard settlement could affect rewards credit cards may pressure investor sentiment if it raises concerns about future card economics or rewards-related revenue. Visa, Mastercard settlement might impact rewards credit cards

Mastercard Stock Up 0.7%

MA stock opened at $513.24 on Wednesday. The firm has a market cap of $453.48 billion, a PE ratio of 29.70, a PEG ratio of 1.59 and a beta of 0.74. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a fifty day simple moving average of $496.66 and a 200 day simple moving average of $519.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $8.26 billion. During the same period in the prior year, the business posted $3.73 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is 20.14%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MA. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Citigroup cut their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada reduced their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Susquehanna lowered their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $653.81.

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.