Field & Main Bank Makes New Investment in Mastercard Incorporated $MA

Field & Main Bank acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,283 shares of the credit services provider's stock, valued at approximately $1,173,000.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Mastercard by 42.3% during the 4th 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 position in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider's stock worth $1,432,000 after buying an additional 200 shares during the last quarter. Betterment LLC increased its stake in shares of Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider's stock valued at $532,000 after buying an additional 58 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in shares of Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider's stock valued at $380,548,000 after acquiring an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Mastercard in the second quarter worth $431,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other 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 completion of the transaction, the chief executive officer directly owned 115,921 shares in the company, valued at approximately $65,806,033.28. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,534,700.00. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $595.51 on Friday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.62. The firm has a market capitalization of $521.67 billion, a P/E ratio of 32.76, a P/E/G ratio of 1.78 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 business has a fifty day simple moving average of $549.15 and a two-hundred day simple moving average of $519.62.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) 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 company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same period last year, the business earned $4.15 EPS. Mastercard's quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. Cantor Fitzgerald boosted their price objective on shares of Mastercard from $650.00 to $695.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Royal Bank Of Canada raised their target price on shares of Mastercard from $629.00 to $642.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $701.00 price target on shares of Mastercard in a research report on Thursday, July 30th. KeyCorp increased their price target on shares of Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Piper Sandler assumed coverage on shares of Mastercard in a report on Monday, June 29th. They issued an "overweight" rating and a $597.00 price objective for the company. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $664.71.

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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