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

Key Points

• Formuepleje A S cut its Mastercard stake by 20.2% in the third quarter, selling 25,078 shares and retaining 99,173 shares valued at approximately $54.7 million. Mastercard remains 4.7% of the investor’s portfolio.
• Other major institutional investors generally increased their Mastercard holdings, and institutional ownership stands at 97.28% of outstanding shares.
• Mastercard reported quarterly earnings and revenue above analyst estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $682.66. The company also declared a $0.87 quarterly dividend, equivalent to a 0.6% yield.

Formuepleje A S reduced its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,173 shares of the credit services provider's stock after selling 25,078 shares during the quarter. Mastercard makes up 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.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Mastercard by 1.3% during the second quarter. State Street Corp now owns 36,964,305 shares of the credit services provider's stock worth $18,984,867,000 after purchasing an additional 486,283 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Mastercard by 10.4% in the 1st quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider's stock valued at $2,559,779,000 after buying an additional 480,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mastercard by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider's stock valued at $2,111,216,000 after buying an additional 42,871 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mastercard by 17.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider's stock valued at $1,831,763,000 after buying an additional 554,366 shares in the last quarter. Finally, Amundi grew its position in shares of Mastercard by 5.8% in the 2nd quarter. Amundi now owns 3,626,416 shares of the credit services provider's stock valued at $1,862,527,000 after buying an additional 199,424 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Mastercard stock traded up $11.72 during midday trading on Thursday, hitting $614.96. 1,510,467 shares of the company's stock were exchanged, compared to its average volume of 3,501,759. 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 stock has a market cap of $538.71 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.76. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $616.27. The firm's 50 day simple moving average is $574.08 and its 200 day simple moving average is $533.48.

Mastercard (NYSE:MA - Get Free Report) last announced 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 net margin of 46.34% and a return on equity of 239.99%. The business 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 firm earned $4.15 earnings per share. The business's quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 19.90 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid 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 dividend payout ratio is currently 19.14%.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Raymond James Financial reissued an "outperform" rating and issued a $632.00 price target (up from $609.00) on shares of Mastercard in a research report on Friday, July 31st. KeyCorp raised their price objective on Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Clear Str upgraded Mastercard to a "strong-buy" rating in a research report on Thursday, July 16th. BMO Capital Markets reissued an "outperform" rating and issued a $665.00 target price on shares of Mastercard in a report on Thursday. Finally, TD Cowen upped their target price on Mastercard from $664.00 to $667.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Two equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $682.66.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,372 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the sale, the chief executive officer directly owned 93,693 shares of the company's stock, valued at $53,873,475. This trade represents a 14.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of Mastercard stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the completion of the transaction, the insider owned 31,179 shares in the company, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. 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 sold 68,359 shares of company stock valued at $39,290,046 in the last quarter. 0.09% of the stock is currently owned by insiders.

Trending Headlines about 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 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.

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