Rockland Trust Co. Has $39.36 Million Holdings in Mastercard Incorporated $MA

Rockland Trust Co. grew its position in shares of Mastercard Incorporated (NYSE:MA) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,641 shares of the credit services provider’s stock after acquiring an additional 4,841 shares during the quarter. Mastercard comprises 1.5% of Rockland Trust Co.’s holdings, making the stock its 18th largest holding. Rockland Trust Co.’s holdings in Mastercard were worth $39,363,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MA. Thurston Springer Miller Herd & Titak Inc. grew its position in Mastercard by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,740 shares of the credit services provider’s stock valued at $895,000 after purchasing an additional 131 shares during the period. Invariant Investment Management lifted its stake in shares of Mastercard by 23.0% in the second quarter. Invariant Investment Management now owns 2,033 shares of the credit services provider’s stock valued at $1,084,000 after buying an additional 380 shares in the last quarter. Trust Point Inc. lifted its stake in shares of Mastercard by 2.2% in the second quarter. Trust Point Inc. now owns 4,938 shares of the credit services provider’s stock valued at $2,536,000 after buying an additional 108 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of Mastercard during the second quarter valued at about $204,000. Finally, Ebert Capital Management Inc. increased its position in shares of Mastercard by 9.5% during the second quarter. Ebert Capital Management Inc. now owns 2,927 shares of the credit services provider’s stock worth $1,503,000 after acquiring an additional 254 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Citigroup lowered their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Raymond James Financial reiterated an “outperform” rating and issued a $632.00 target price on shares of Mastercard in a research note on Friday, July 31st. Susquehanna cut their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets initiated coverage on shares of Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Five investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $661.93.

Mastercard Price Performance

MA opened at $562.20 on Friday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a 50-day moving average of $522.37 and a 200 day moving average of $515.41. 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 firm has a market cap of $496.75 billion, a P/E ratio of 30.92, a PEG ratio of 1.73 and a beta of 0.72.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. During the same quarter in the previous year, the firm posted $4.15 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 19.81 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s payout ratio is 19.14%.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Stablecoin initiatives create new growth opportunities: Mastercard is partnering with Borderless.xyz to test trusted cross-border stablecoin payment flows using Mastercard Crypto Credential. It is also a founding validator for Circle’s Arc blockchain, which is scheduled to launch on September 16. These efforts could produce future transaction-processing, compliance and infrastructure revenue. Mastercard and Borderless.xyz stablecoin partnership
• Positive Sentiment: Fiserv partnership expands Mastercard’s merchant reach: Connecting Mastercard Merchant Cloud with Fiserv Commerce Hub will give enterprise merchants broader access to payment services across online, mobile and in-store channels, potentially supporting transaction growth and value-added-services revenue. Mastercard expands merchant reach through Fiserv
• Positive Sentiment: Analysts remain bullish: Wall Street maintains a favorable view of MA, with recent target increases including Cantor Fitzgerald’s $695 target. The optimism follows Mastercard’s latest earnings beat: quarterly EPS was $5.04 versus $4.77 expected, while revenue rose 14.1% year over year to $9.28 billion. Wall Street outlook for Mastercard
• Neutral Sentiment: Mastercard’s corporate-card launches in the UAE and Egypt and expanded premium travel benefits in Asia may increase regional usage, although the immediate earnings contribution is likely limited. Mastercard regional card expansion
• Negative Sentiment: Several insiders sold shares: CEO Michael Miebach sold 15,372 shares for about $8.8 million, while J. Mehra Sachin sold 3,000 shares and Linda Pistecchia Kirkpatrick sold 4,280 shares. All trades were made under pre-arranged Rule 10b5-1 plans, which reduces their predictive value, but the cluster of sales can still pressure investor sentiment. Mastercard insider sale filings
• Negative Sentiment: Valuation and industry risks remain: With MA trading at roughly 31 times earnings, investors may be sensitive to slowing consumer spending, rising technology costs and regulatory scrutiny of payments and stablecoins.

Insiders Place Their Bets

In other news, 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 transaction, the insider owned 40,916 shares of the company’s stock, valued at $23,398,632.92. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the completion of the sale, the chief executive officer directly owned 115,921 shares of the company’s stock, valued at approximately $65,806,033.28. This trade represents a 12.54% 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 62,913 shares of company stock valued at $35,769,036 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Mastercard Company 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.