Mastercard Incorporated $MA Shares Acquired by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA increased its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,633 shares of the credit services provider’s stock after buying an additional 1,480 shares during the quarter. Mastercard comprises about 4.6% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 4th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Mastercard were worth $75,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Riggs Asset Managment Co. Inc. raised its holdings in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 18 shares during the period. Castle Rock Wealth Management LLC lifted its stake in shares of Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares in the last quarter. Athena Wealth Management LLC grew its holdings in shares of Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after purchasing an additional 19 shares during the period. Novem Group grew its holdings in shares of Mastercard by 0.4% during the 2nd quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock worth $2,404,000 after purchasing an additional 19 shares during the period. Finally, Vista Capital Partners Inc. increased its position in Mastercard by 4.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and QNB Group processed Syria’s first international card transaction in more than 15 years. The milestone marks the reopening and modernization of Syria’s international payments infrastructure following the lifting of certain U.S. restrictions. Although the near-term financial contribution is likely to be small, the development creates a potential new market and demonstrates Mastercard’s ability to support payments expansion. Syria marks first international card transaction in more than 15 years with Mastercard and QNB Group
• Positive Sentiment: Analysts have given Mastercard a consensus “Buy” rating. Continued Wall Street support adds to the bullish backdrop, though the rating itself may already be reflected in the share price. Mastercard Incorporated Given Consensus Rating of Buy by Analysts
• Positive Sentiment: Pershing Square founder Bill Ackman added Mastercard to the hedge fund’s portfolio. The purchase may improve investor sentiment by signaling confidence from a prominent long-term investor, although it does not change Mastercard’s operating outlook. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Positive Sentiment: A partnership with Klook targets growing travel and experiences spending across Asia Pacific. Mastercard cardholder benefits and additional travel-related payment touchpoints could support transaction volume in a high-growth region. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
• Neutral Sentiment: Mastercard will participate in the Goldman Sachs Communacopia + Technology Conference on September 10, where CFO Ling Hai is scheduled to speak. Investors may look for updates on growth, margins and capital allocation, but no new financial information was provided. Mastercard to Participate in Upcoming Investor Conference
• Neutral Sentiment: Mastercard’s name appears as a supporter of an XRPL/Ripple hackathon, but reports caution that the sponsorship does not represent a new cryptocurrency partnership or major product launch. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself

Insider Activity

In other Mastercard news, insider J. Mehra Sachin sold 1,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider owned 39,916 shares in the company, valued at $22,834,746.12. The trade was a 2.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at approximately $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. 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 71,357 shares of company stock worth $40,637,262 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on MA. Royal Bank Of Canada raised their price target on shares of Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Cantor Fitzgerald boosted their price objective on shares of Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley increased their price objective on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Robert W. Baird raised their target price on shares of Mastercard from $660.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, June 29th. They set an “overweight” rating and a $597.00 target price on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $664.71.

Mastercard Stock Performance

Shares of NYSE:MA opened at $595.51 on Friday. The business’s 50-day simple moving average is $549.15 and its 200 day simple moving average is $519.62. The company has a market cap of $521.67 billion, a P/E ratio of 32.76, a PEG ratio of 1.79 and a beta of 0.72. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.62.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.Mastercard’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.15 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.