25,078 Mastercard Incorporated $MA Shares Sold by Formuepleje A S

Formuepleje A S reduced its holdings in Mastercard Incorporated (NYSE:MA) by 20.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,173 shares of the credit services provider’s stock after selling 25,078 shares during the quarter. Mastercard comprises 4.7% of Formuepleje A S’s investment portfolio, making the stock its 7th biggest holding. Formuepleje A S’s holdings in Mastercard were worth $54,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Foster Group Inc. increased its holdings in shares of Mastercard by 0.9% during the 3rd quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock worth $1,170,000 after buying an additional 18 shares during the last quarter. Athena Wealth Management LLC raised its position in shares of Mastercard by 3.8% in the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after buying an additional 19 shares during the period. Novem Group boosted its holdings in Mastercard by 0.4% in the second quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock valued at $2,404,000 after acquiring an additional 19 shares during the last quarter. Vista Capital Partners Inc. boosted its holdings in Mastercard by 4.5% in the second quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 19 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC boosted its holdings in Mastercard by 0.7% in the first quarter. Brandywine Oak Private Wealth LLC now owns 2,842 shares of the credit services provider’s stock valued at $1,420,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the sale, the chief executive officer owned 115,921 shares in the company, valued at $65,806,033.28. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 371 shares of Mastercard stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71. Following the sale, the director owned 8,607 shares in the company, valued at $5,035,181.07. This represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,359 shares of company stock worth $39,290,046 in the last 90 days. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MA shares. Weiss Ratings raised Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Raymond James Financial restated an “outperform” rating and issued a $632.00 price objective (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. Cantor Fitzgerald lifted their price objective on Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Finally, Truist Financial boosted their target price on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $682.66.

Mastercard Stock Up 1.9%

Shares of MA traded up $11.72 during midday trading on Thursday, reaching $614.96. 1,510,467 shares of the company were exchanged, compared to its average volume of 3,501,759. The stock has a 50-day moving average price of $574.08 and a 200-day moving average price of $533.48. The company has a market cap of $538.71 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 1.73 and a beta of 0.76. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $616.27. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the prior year, the business earned $4.15 earnings per share. The company’s revenue was up 14.1% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 19.90 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given 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 0.6%. Mastercard’s payout ratio is 19.14%.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and BVNK launched the Mastercard Global Money Platform, a single-API infrastructure service that enables banks, fintechs and businesses to manage traditional currencies and stablecoins. The product is the first major integration since Mastercard acquired BVNK in August and could expand the company’s role in cross-border and digital-asset payments. Mastercard and BVNK launch Global Money Platform
• Positive Sentiment: Analysts and technical strategists continue to highlight Mastercard’s winning streak and potential for a longer-term breakout. The company has a broad “Buy” consensus, with several firms recently raising price targets, including UBS at $670 and Daiwa at $650. Wall Street views on Mastercard
• Positive Sentiment: Investors are looking for double-digit earnings growth in the upcoming third-quarter report. Mastercard’s latest quarter exceeded consensus estimates for earnings and revenue, with revenue increasing 14.1% year over year, supporting confidence in continued operating momentum. Mastercard earnings expectations
• Positive Sentiment: Mastercard is expanding its payments ecosystem through personalized payment strategies, crypto-linked card programs and stablecoin settlement, while also pursuing cybersecurity and commercial fleet-payment opportunities in emerging markets. These initiatives could create additional transaction volume over time. Mastercard personalized payments strategy
• Neutral Sentiment: Director Julius Genachowski sold shares under a pre-arranged Rule 10b5-1 plan. The transactions modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard director stock sale

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 the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.