Marin Bay Wealth Advisors LLC Increases Stock Position in Mastercard Incorporated $MA

Marin Bay Wealth Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 60.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,429 shares of the credit services provider’s stock after buying an additional 1,667 shares during the period. Mastercard makes up about 0.7% of Marin Bay Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Marin Bay Wealth Advisors LLC’s holdings in Mastercard were worth $2,213,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard in the fourth quarter worth $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the fourth quarter worth $29,000. Bay Harbor Wealth Management LLC raised its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares in the last quarter. Finally, Lifetime Wealth Management P.C. acquired a new stake in Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,005 shares of company stock valued at $3,689,976 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MA shares. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Cowen cut their price target on Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. BMO Capital Markets started coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Truist Financial decreased their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Piper Sandler started coverage on Mastercard in a report on Monday, June 29th. They set an “overweight” rating and a $597.00 price target on the stock. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $653.92.

Mastercard Price Performance

Shares of Mastercard stock opened at $537.33 on Wednesday. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company’s 50-day moving average price is $505.73 and its two-hundred day moving average price is $515.35. The stock has a market cap of $474.78 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is currently 20.14%.

About Mastercard

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.