10,245 Mastercard Incorporated $MA Shares Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. boosted its position in Mastercard Incorporated (NYSE:MA) by 1,069.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,203 shares of the credit services provider’s stock after buying an additional 10,245 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Mastercard were worth $6,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Fundsmith LLP purchased a new stake in shares of Mastercard during the second quarter worth about $639,458,000. Corient Private Wealth LP lifted its stake in shares of 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 worth $863,969,000 after acquiring an additional 1,001,671 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 during the last quarter. SEB Asset Management AB purchased a new position in Mastercard in the first quarter valued at about $293,574,000. Finally, Soroban Capital Partners LP boosted its holdings in Mastercard by 30.5% in 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. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Strong earnings support the rally. Mastercard exceeded quarterly expectations with EPS of $5.31 versus $5.17 expected and revenue of $9.81 billion versus $9.66 billion. Revenue increased 14% year over year, reflecting broad-based growth in the core payment network and value-added services. The 5 most interesting analyst questions from Mastercard’s Q3 earnings call
• Positive Sentiment: Analysts raised their valuation outlook. UBS lifted its target to $750 and retained a Buy rating, while Cantor Fitzgerald raised its target to $765 and maintained Overweight. Additional brokers also increased targets, reinforcing positive sentiment around Mastercard’s earnings growth and execution. UBS Mastercard price-target increase Cantor Fitzgerald Mastercard price-target increase
• Positive Sentiment: AI and cross-border payments partnerships add strategic upside. Mastercard disclosed a broad collaboration with OpenAI involving payments, AI transformation and its Agent Pay platform. Its partnership with Tencent’s TenPay Global will also allow international visitors to use overseas wallets at QR-enabled merchants in China, expanding Mastercard’s reach in digital and agentic commerce. Mastercard forms OpenAI and Tencent partnerships
• Positive Sentiment: New payment channels broaden growth potential. Mastercard and OKX launched a stablecoin-linked card in most U.S. states, while an expanded relationship with India’s largest private bank increases access to small-business and consumer customers. ETF purchases and reported wins in India, China and Germany provide additional demand signals. OKX and Mastercard stablecoin card
• Neutral Sentiment: Wall Street’s bullish consensus is supportive, but analyst recommendations can be overly optimistic. Mastercard’s elevated valuation and remaining intra-Europe cross-border headwinds may limit further upside if growth or payment volumes slow.

Mastercard Stock Up 3.2%

NYSE:MA opened at $658.68 on Tuesday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $577.01 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.74 and a beta of 0.76. Mastercard Incorporated has a one year low of $464.52 and a one year high of $661.34. The stock has a 50-day simple moving average of $588.35 and a 200 day simple moving average of $536.78.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $0.14. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The firm had revenue of $9.81 billion for the quarter, compared to analysts’ expectations of $9.66 billion. During the same quarter in the prior year, the firm posted $4.38 earnings per share. Mastercard’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 19.96 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a $0.87 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 18.20%.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 370 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $590.21, for a total transaction of $218,377.70. Following the transaction, the director directly owned 8,237 shares in the company, valued at $4,861,559.77. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,317 shares of Mastercard stock in a transaction on Friday, October 16th. The stock was sold at an average price of $620.00, for a total transaction of $2,676,540.00. Following the completion of the transaction, the chief financial officer directly owned 35,750 shares of the company’s stock, valued at approximately $22,165,000. This represents a 10.77% decrease in their position. 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. Insiders have sold a total of 35,140 shares of company stock valued at $20,442,036 over the last 90 days. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $701.00 price objective (up from $674.00) on shares of Mastercard in a report on Thursday, July 30th. Weiss Ratings raised shares of Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. 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. Barclays lifted their price target on shares of Mastercard from $660.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $702.91.

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.