Canandaigua National Bank & Trust Co. Takes Position in Mastercard Incorporated $MA

Key Points

• Canandaigua National Bank & Trust purchased 13,135 Mastercard shares during the second quarter, valued at approximately $6.75 million. Institutional investors and hedge funds collectively own 97.28% of Mastercard.
• Analysts remain broadly bullish, with Mastercard receiving a consensus “Buy” rating and an average price target of $659. Several brokerages recently raised their targets following the company’s strong results.
• Mastercard reported quarterly EPS of $5.04 and revenue of $9.28 billion, exceeding estimates, while revenue grew 14.1% year over year. The company also announced a quarterly dividend of $0.87 per share, representing a 0.6% yield.

Canandaigua National Bank & Trust Co. purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,135 shares of the credit services provider's stock, valued at approximately $6,746,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider's stock valued at $1,432,000 after buying an additional 200 shares in the last quarter. Betterment LLC increased its stake in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider's stock worth $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider's stock worth $380,548,000 after acquiring an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Mastercard during the 2nd quarter valued at about $431,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MA. Clear Str raised shares of Mastercard to a "strong-buy" rating in a research note on Thursday, July 16th. Robert W. Baird raised their price target on shares of Mastercard from $660.00 to $680.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. UBS Group lifted their price target on shares of Mastercard from $640.00 to $670.00 and gave the company a "buy" rating in a research report on Friday. Barclays increased their price objective on Mastercard from $640.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Truist Financial reduced their target price on Mastercard from $561.00 to $554.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $659.00.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: BVNK acquisition expands digital-asset capabilities: Mastercard completed its purchase of stablecoin infrastructure provider BVNK, a deal announced at a value of up to $1.8 billion. The acquisition is intended to connect fiat and digital currencies and strengthen Mastercard’s offerings to banks, businesses and other institutions adopting stablecoins. Mastercard completes acquisition of BVNK to advance global stablecoin capabilities
• Positive Sentiment: Fiserv partnership could drive merchant-services growth: Mastercard and Fiserv announced a global partnership combining Fiserv’s Commerce Hub with Mastercard’s merchant services. The collaboration is designed to help enterprise merchants improve payments across channels and markets, potentially increasing Mastercard’s business-to-business and value-added-services opportunities. Fiserv and Mastercard Deepen Global Partnership
• Positive Sentiment: Analyst target increases reinforce bullish sentiment: Cantor Fitzgerald raised its Mastercard price target to $695 from $650 and maintained an “overweight” rating. Other reports also cited price-target increases to $680 and $685, suggesting analysts see additional upside following Mastercard’s strong earnings performance. Mastercard price target raised
• Positive Sentiment: Premium-card refresh supports payment volume and engagement: Mastercard, Citi and American Airlines introduced enhanced benefits for the Citi/AAdvantage Executive World Legend Mastercard, including expanded lounge access, rewards and travel-related perks. The initiative targets frequent premium travelers and could support spending activity on Mastercard’s network. Mastercard launches richer Citi AAdvantage Executive World Legend Card
• Neutral Sentiment: Mastercard announced six senior appointments across Asia Pacific and is reorganizing regional leadership. The moves may improve execution but have no immediate financial impact. Mastercard makes senior appointments across Asia Pacific
• Negative Sentiment: CEO Michael Miebach sold a combined 33,256 shares for approximately $19.1 million, reducing his direct holdings by roughly 26%. Because both sales occurred under a pre-arranged Rule 10b5-1 plan, they may reflect scheduled diversification rather than a negative view of Mastercard’s outlook, limiting the bearish signal. Mastercard CEO SEC Form 4 filing

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares in the company, valued at $8,625,225. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, insider Sandra A. Arkell sold 200 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,261 shares of company stock valued at $22,773,599 in the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $571.26 on Wednesday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. 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 company has a 50 day moving average price of $517.87 and a 200 day moving average price of $514.63. The stock has a market capitalization of $504.75 billion, a P/E ratio of 31.42, a PEG ratio of 1.73 and a beta of 0.72.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.08 billion. During the same period in the prior year, the firm earned $4.15 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.77 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be 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 is Thursday, July 9th. Mastercard's dividend payout ratio (DPR) is 19.14%.

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.

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