Atria Investments Inc Trims Position in Mastercard Incorporated $MA

Key Points

• Atria Investments reduced its Mastercard position by 18.2% in the second quarter, selling 9,823 shares and retaining 44,252 shares valued at approximately $22.7 million. Institutional investors collectively own 97.28% of the company.
• Mastercard reported quarterly results above expectations, with EPS of $5.04 and revenue of $9.28 billion; revenue increased 14.1% year over year. Analysts maintain an overall “Buy” rating with an average price target of $661.93.
• Mastercard insiders sold shares through pre-arranged Rule 10b5-1 plans, including CEO Michael Miebach’s sale of 16,628 shares. The company also paid a quarterly dividend of $0.87 per share, representing an annualized yield of about 0.6%.

Atria Investments Inc lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,252 shares of the credit services provider's stock after selling 9,823 shares during the quarter. Atria Investments Inc's holdings in Mastercard were worth $22,728,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its stake in shares of Mastercard by 20.0% during 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 grew its position in shares of Mastercard by 2.8% in the fourth 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 during the period. Athena Wealth Management LLC grew its position in shares of Mastercard by 3.8% in the second quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider's stock valued at $264,000 after purchasing an additional 19 shares during the period. Novem Group increased its stake in Mastercard by 0.4% in the second quarter. Novem Group now owns 4,680 shares of the credit services provider's stock valued at $2,404,000 after purchasing an additional 19 shares during the last quarter. Finally, Vista Capital Partners Inc. increased its stake in Mastercard by 4.5% in the second quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider's stock valued at $228,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the transaction, the chief executive officer directly owned 115,921 shares of the company's stock, valued at $65,806,033.28. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the sale, the insider owned 16,429 shares of the company's stock, valued at approximately $8,625,225. This represents a 22.71% 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 valued at $40,637,262 in the last three months. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MA. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Robert W. Baird upped their price objective 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. Susquehanna cut their price objective 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. KeyCorp raised their target price on shares of Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on shares of Mastercard from $554.00 to $633.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $661.93.

Mastercard Price Performance

MA stock opened at $574.33 on Friday. The company has a market cap of $503.12 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. 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 stock has a 50-day moving average price of $536.98 and a two-hundred day moving average price of $517.63. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping analysts' consensus estimates of $4.77 by $0.27. The company 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 company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $4.15 EPS. As a group, research analysts predict that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given 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 is 19.14%.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is participating in the Agentic Payments Alliance with Rain, Visa and other industry players. The group aims to establish standards for AI agents that can conduct purchases, potentially creating new transaction volumes and strengthening Mastercard’s role in emerging digital payments. Rain forms agentic payments alliance with Visa, Mastercard and other players
• Positive Sentiment: Chief Executive Officer Michael Miebach discussed how Mastercard is preparing for a future in which AI agents shop on behalf of consumers. The strategy could help the company capture payments from a rapidly developing technology trend. How Mastercard CEO is preparing for a world where AI agents do the shopping
• Positive Sentiment: A recent investor analysis highlighted Mastercard’s stable growth outlook, supported by expanding payment volume, cross-border transactions and strong profitability. Stable Growth Trajectory Positions Mastercard for Strong Returns
• Neutral Sentiment: Mastercard appointed Yasemin Bedir as president of its Eastern Europe, Middle East and Africa region. The leadership change could support regional expansion, but its near-term financial impact is unclear. Mastercard appoints Yasemin Bedir as EEMEA president
• Negative Sentiment: Insider J. Mehra Sachin sold 8,444 shares for approximately $4.87 million across August 19–20. Although the sales reduced his holdings, the use of a pre-arranged trading plan makes them a weaker bearish signal than discretionary selling. Mastercard insider trading filing

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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