Manitou Investment Management Ltd. Sells 2,847 Shares of Mastercard Incorporated $MA

Manitou Investment Management Ltd. decreased its position in Mastercard Incorporated (NYSE:MA) by 4.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,380 shares of the credit services provider’s stock after selling 2,847 shares during the period. Mastercard comprises 6.3% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 8th biggest position. Manitou Investment Management Ltd.’s holdings in Mastercard were worth $34,093,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its position 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 acquiring an additional 41 shares during the period. Strive Financial Group LLC acquired a new position in Mastercard in the 4th quarter worth about $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard during the fourth quarter worth approximately $29,000. Robinswood Financial LLC purchased a new position in Mastercard during the first quarter worth approximately $25,000. Finally, Bay Harbor Wealth Management LLC boosted its position in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $576.16 on Friday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The stock has a 50 day moving average of $521.01 and a two-hundred day moving average of $515.08. 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 firm has a market cap of $509.09 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.15 earnings per share. On average, analysts expect that Mastercard Incorporated will post 19.78 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is currently 19.14%.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Stablecoin initiatives strengthen Mastercard’s growth outlook: Mastercard is partnering with Borderless.xyz to test trusted cross-border stablecoin payment flows using Mastercard Crypto Credential. The company is also a founding validator for Circle’s Arc blockchain, scheduled to launch on September 16, alongside BlackRock, Visa and other financial institutions. These initiatives could create future transaction, compliance and infrastructure revenue opportunities. Mastercard and Borderless.xyz stablecoin partnership
• Positive Sentiment: Fiserv deal expands merchant reach: Mastercard’s integration with Fiserv Commerce Hub will give enterprise merchants a single connection to Mastercard services across online, mobile and in-store channels, potentially increasing payment volume and adoption of higher-margin value-added services. Mastercard expands merchant reach through Fiserv
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to rate Mastercard positively, with Cantor Fitzgerald recently raising its price target to $695 and maintaining an overweight rating. The outlook is supported by Mastercard’s latest earnings beat, including revenue growth of 14.1% year over year. Wall Street outlook for Mastercard
• Neutral Sentiment: New Mastercard corporate cards in the UAE and Egypt and expanded premium travel benefits in Asia could support regional engagement, but the near-term earnings impact is likely limited. Mastercard corporate cards in the UAE and Egypt
• Negative Sentiment: Multiple insiders sold shares: CEO Michael Miebach sold 15,372 shares for approximately $8.8 million, while J. Mehra Sachin sold 3,000 shares and Linda Pistecchia Kirkpatrick recently sold 4,280 shares. All transactions were made under pre-arranged Rule 10b5-1 plans, reducing—but not eliminating—the bearish signal. Mastercard insider sale filings

Insider Buying and Selling

In other Mastercard news, 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 transaction of $108,000.00. Following the sale, the insider owned 3,322 shares of the company’s stock, valued at $1,793,880. The trade was a 5.68% decrease in their position. 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, insider J. Mehra Sachin sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $571.87, for a total transaction of $1,715,610.00. Following the sale, the insider directly owned 40,916 shares of the company’s stock, valued at $23,398,632.92. The trade was a 6.83% 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 62,913 shares of company stock worth $35,769,036 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MA shares. Raymond James Financial restated an “outperform” rating and issued a $632.00 price objective on shares of Mastercard in a research report on Friday, July 31st. BMO Capital Markets started coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Citigroup dropped their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. KeyCorp boosted their price target on shares of Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $661.93.

Mastercard Profile

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.