Mastercard Incorporated $MA Stock Acquired by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 242,725 shares of the credit services provider’s stock after purchasing an additional 3,765 shares during the quarter. Calamos Advisors LLC’s holdings in Mastercard were worth $133,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robinswood Financial LLC acquired a new stake in Mastercard in the 1st quarter valued at approximately $25,000. Next Level Wealth Planning LLC acquired a new position in Mastercard during the 3rd quarter worth $31,000. Allied Private Wealth LLC acquired a new position in Mastercard during the 2nd quarter worth $34,000. IMG Wealth Management Inc. boosted its position in Mastercard by 58.7% during the 3rd quarter. IMG Wealth Management Inc. now owns 73 shares of the credit services provider’s stock worth $40,000 after acquiring an additional 27 shares during the period. Finally, Premier Financial Group bought a new position in shares of Mastercard in the second quarter worth $39,000. 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: Q3 results beat expectations: revenue rose 14% year over year to $9.81 billion and adjusted EPS increased 21.2%. Services revenue grew 19%, although higher incentives were flagged as a concern. Mastercard’s 19% Services Growth Steals the Q3 Show: Buy or Hold MA?
• Positive Sentiment: Truist raised its price target to $735 and maintained a Buy rating, signaling potential upside in its view. Truist Financial rating information
• Negative Sentiment: Freedom Broker downgraded MA from Buy to Hold, despite lifting its target to $725. The mixed call may temper enthusiasm after the stock’s recent rally. Freedom Broker rating information
• Negative Sentiment: Valuation is a key risk: coverage notes the recent rally has outpaced changes in earnings estimates, leaving less room for disappointment. Rising incentives could also weigh on margins. Mastercard Stock Rose 22% in a Month. Here’s What Its Price Now Assumes
• Negative Sentiment: Visa and Mastercard face additional collective claims in the UK over card fees, adding potential legal and financial uncertainty. Visa and Mastercard face additional £5bn collective claims over card fees
• Neutral Sentiment: The CFO sold about $2.77 million of MA shares. The sale may attract attention, but the report provides no context on its purpose. Mastercard CFO stock sale

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. BNP Paribas Exane lifted their price objective on shares of Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. UBS Group reiterated a “buy” rating and issued a $725.00 target price on shares of Mastercard in a research report on Thursday. Rothschild & Co Redburn lowered their target price on shares of Mastercard from $710.00 to $688.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Barclays boosted their price target on shares of Mastercard from $660.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $704.62.

Insiders Place Their Bets

In related news, insider Sachin Mehra sold 7,444 shares of Mastercard stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,318 shares of Mastercard stock in a transaction on Friday, October 30th. The stock was sold at an average price of $642.43, for a total value of $2,774,012.74. Following the completion of the transaction, the chief financial officer owned 35,750 shares in the company, valued at $22,966,872.50. The trade was a 10.78% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 25,403 shares of company stock worth $15,428,736. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $2.47 during trading on Friday, hitting $653.45. The stock had a trading volume of 3,293,628 shares, compared to its average volume of 3,281,489. The business has a fifty day moving average of $593.15 and a two-hundred day moving average of $539.12. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $681.99. The firm has a market cap of $572.43 billion, a P/E ratio of 34.18, a PEG ratio of 1.86 and a beta of 0.78. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.01 and a quick ratio of 1.01.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The firm had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same period in the previous year, the company earned $4.38 earnings per share. Mastercard’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 20.00 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 18.20%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods.

The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.