Mastercard Incorporated $MA Holdings Cut by SteelPeak Wealth LLC

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

Other large investors have also recently bought and sold shares of the company. Fundsmith LLP bought a new position in shares of Mastercard in the second quarter worth approximately $639,458,000. Corient Private Wealth LP raised its stake in Mastercard by 147.2% in the second quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock valued at $863,969,000 after purchasing an additional 1,001,671 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Mastercard by 295.8% in the second quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock valued at $441,702,000 after purchasing an additional 642,724 shares in the last quarter. SEB Asset Management AB bought a new stake in Mastercard during the first quarter valued at approximately $293,574,000. Finally, Soroban Capital Partners LP lifted its position in Mastercard by 30.5% during the first quarter. Soroban Capital Partners LP now owns 2,464,499 shares of the credit services provider’s stock valued at $1,231,412,000 after purchasing an additional 575,412 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

MA opened at $617.14 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $540.62 billion, a P/E ratio of 33.95, a PEG ratio of 1.77 and a beta of 0.76. The stock has a 50-day moving average price of $575.99 and a 200-day moving average price of $534.99. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $622.49.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. Mastercard’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $4.15 EPS. Equities analysts predict that Mastercard Incorporated will post 19.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.14%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MA shares. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, August 21st. Weiss Ratings raised shares of Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Cantor Fitzgerald raised their price objective on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Piper Sandler raised 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, BNP Paribas Exane lifted their price objective on shares of Mastercard from $680.00 to $713.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $682.66.

Trending Headlines about Mastercard

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

Insider Buying and Selling at Mastercard

In other news, insider Sachin Mehra sold 7,444 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,613,851.08. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the sale, the chief executive officer owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,359 shares of company stock valued at $39,290,046 over the last ninety days. Insiders own 0.09% of the company’s stock.

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.