Mastercard Incorporated $MA is Hemenway Trust Co LLC's 6th Largest Position

Key Points

• Hemenway Trust Co LLC cut its Mastercard stake by 4.6% in Q4, holding 86,887 shares worth about $49.6M, representing ~3.8% of the firm's assets and making Mastercard its sixth‑largest position.
• Mastercard beat Q1 estimates, reporting EPS $4.60 vs $4.41 and revenue of $8.40B (up 15.8% YoY), with strong margin metrics (net margin 45.88%, ROE 212.96%).
• The company is expanding into digital assets/on‑chain payments (BVNK acquisition, partnerships with MoonPay, Rain, KuCoin) and enjoys largely positive analyst coverage (average target ≈ $657, Morgan Stanley $679), though some firms flag near‑term headwinds and the stock is trading down about 1.5%.

Hemenway Trust Co LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,887 shares of the credit services provider's stock after selling 4,163 shares during the quarter. Mastercard accounts for approximately 3.8% of Hemenway Trust Co LLC's holdings, making the stock its 6th largest position. Hemenway Trust Co LLC's holdings in Mastercard were worth $49,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tacita Capital Inc boosted its position in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock valued at $32,000 after buying an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider's stock worth $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC increased its holdings in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider's stock worth $33,000 after buying an additional 20 shares in the last quarter. Dagco Inc. increased its holdings in Mastercard by 200.0% in the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider's stock worth $38,000 after buying an additional 44 shares in the last quarter. Finally, Joseph Group Capital Management bought a new stake in Mastercard in the 4th quarter worth about $44,000. 97.28% of the stock is owned by institutional investors.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Morgan Stanley raised its price target (to $679) and reiterated an Overweight rating, signaling continued analyst confidence in Mastercard’s longer‑term growth despite recent market noise. Morgan Stanley Raises Mastercard (MA) Target; Raymond James Flags Near-Term Headwinds
• Positive Sentiment: Mastercard is expanding its digital‑asset and on‑chain payment capabilities (BVNK acquisition, partnerships with MoonPay, Rain, KuCoin) — a revenue/volume tail that could lift payment-related fees and open new rails for programs and tokenized payments. Mastercard Deepens Digital Asset Push With Stablecoin And AI Payment Rails
• Positive Sentiment: Mastercard took a strategic stake in Astrada’s $3.8M seed round, signaling direct investment in the data layer for “autonomous finance” and closer ties to fintech innovation that could feed future products and merchant services. Astrada Raises Seed Round to Build the Data Layer for Autonomous Finance
• Positive Sentiment: Rain’s expansion of a stablecoin card network with Mastercard shows growing partner adoption for stablecoin‑linked consumer payment options — reinforces Mastercard’s push into crypto payment rails. Rain expands stablecoin card network with Mastercard partnership
• Positive Sentiment: Buy-side commentary (24/7 Wall St.) highlights Mastercard as a top pick after a Q1 beat and a favorable longer‑term thesis, supporting potential upside if results and growth catalysts persist. Mastercard Is One Of Our Top Picks After Q1 Beat
• Neutral Sentiment: Industry commentary on agentic commerce and B2B late payments shows Mastercard is building infrastructure and product responses (AI agents, B2B payment controls), which are strategic positives but gradual revenue levers. Mastercard Targets the Hidden Cost of Late B2B Payments
• Neutral Sentiment: Fundamental writeups (Seeking Alpha) reiterate strong ROE, margin profile and diversification into high‑margin services — supportive but already reflected to some extent in consensus multiples. Mastercard And Its Real Value
• Negative Sentiment: Royal Bank of Canada trimmed its price target to $629, reflecting more cautious near‑term expectations which can pressure sentiment and limit upside. Royal Bank Of Canada Cuts Mastercard NYSE: MA Price Target to $629.00
• Negative Sentiment: Raymond James flagged near‑term headwinds (travel/cross‑border and macro sensitivity noted in analyst commentary), contributing to today’s weaker trading as investors mark risk to near‑term growth. Morgan Stanley Raises Mastercard (MA) Target; Raymond James Flags Near-Term Headwinds

Mastercard Trading Down 1.5%

NYSE:MA opened at $497.17 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The company has a market cap of $443.38 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76. The company has a 50 day simple moving average of $506.16 and a two-hundred day simple moving average of $535.39.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm posted $3.73 EPS. The firm's revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 19.58 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard's payout ratio is presently 20.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. BMO Capital Markets assumed coverage on Mastercard in a report on Tuesday, April 21st. They issued an "outperform" rating and a $605.00 price objective for the company. BNP Paribas Exane upgraded Mastercard from a "neutral" rating to an "outperform" rating and set a $600.00 price objective for the company in a report on Thursday, March 19th. Compass Point raised shares of Mastercard from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Tigress Financial lifted their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a "strong-buy" rating in a research report on Friday, March 13th. Finally, Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $657.07.

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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