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

Magellan Asset Management Ltd lowered its stake in Mastercard Incorporated (NYSE:MA) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 631,398 shares of the credit services provider’s stock after selling 20,811 shares during the quarter. Mastercard comprises about 4.4% of Magellan Asset Management Ltd’s portfolio, making the stock its 5th biggest holding. Magellan Asset Management Ltd owned about 0.07% of Mastercard worth $360,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. lifted its position in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares during the last quarter. Tacita Capital Inc lifted its position 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 buying an additional 19 shares during the last quarter. Affinity Capital Advisors LLC lifted its position in Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares during the last quarter. Abacus Planning Group Inc. lifted its position in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares during the last quarter. Finally, Thomasville National Bank lifted its position in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Mastercard News

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.

Analysts Set New Price Targets

A number of research firms have commented on MA. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Susquehanna decreased their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a research report on Thursday, March 19th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research report on Friday, May 1st. Finally, TD Cowen reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Stock Up 2.1%

Shares of MA opened at $481.54 on Friday. The stock has a market capitalization of $425.48 billion, a PE ratio of 27.87, a P/E/G ratio of 1.47 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 debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $500.03 and its 200-day simple moving average is $525.34.

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

Mastercard 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.