Mastercard Incorporated $MA Position Reduced by Canoe Financial LP

Canoe Financial LP trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 286,138 shares of the credit services provider's stock after selling 8,863 shares during the quarter. Mastercard makes up 1.9% of Canoe Financial LP's holdings, making the stock its 21st largest position. Canoe Financial LP's holdings in Mastercard were worth $157,376,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MA. Foster Group Inc. boosted its stake in shares of Mastercard by 0.9% during the 3rd quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider's stock worth $1,170,000 after acquiring an additional 18 shares during the period. Athena Wealth Management LLC increased its holdings in shares of Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider's stock worth $264,000 after acquiring an additional 19 shares during the last quarter. Novem Group increased its holdings in shares of Mastercard by 0.4% during the 2nd quarter. Novem Group now owns 4,680 shares of the credit services provider's stock worth $2,404,000 after acquiring an additional 19 shares during the last quarter. Vista Capital Partners Inc. raised its stake in Mastercard by 4.5% in the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 19 shares during the period. Finally, Brandywine Oak Private Wealth LLC raised its stake in Mastercard by 0.7% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 2,842 shares of the credit services provider's stock valued at $1,420,000 after acquiring an additional 20 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Linda Kirkpatrick sold 4,280 shares of Mastercard stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the completion of the sale, the insider owned 31,179 shares of the company's stock, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 371 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71. Following the completion of the sale, the director directly owned 8,607 shares of the company's stock, valued at approximately $5,035,181.07. The trade was a 4.13% 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. Over the last quarter, insiders sold 72,676 shares of company stock worth $41,966,586. 0.09% of the stock is currently owned by company insiders.

Mastercard Trading Up 0.3%

Shares of NYSE:MA opened at $622.28 on Thursday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $624.66. The stock has a market cap of $545.13 billion, a PE ratio of 34.23, a P/E/G ratio of 1.77 and a beta of 0.76. The business has a 50 day moving average of $579.52 and a 200-day moving average of $537.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96.

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 analysts' consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.15 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 19.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard's dividend payout ratio is currently 19.14%.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard launched its Global Money Platform with BVNK, enabling businesses to hold, convert and spend stablecoins alongside traditional currencies. The platform could create additional cross-border payment volume and strengthen Mastercard’s position as digital assets become integrated with mainstream commerce. Mastercard BVNK stablecoin platform
• Positive Sentiment: The company introduced Stablecoin Security, an API that screens transactions for fraud, scams and sanctions exposure before funds move on-chain. The product may reduce banks’ compliance concerns and provide Mastercard with a new risk-management revenue stream while supporting broader stablecoin adoption. Mastercard stablecoin security
• Positive Sentiment: Mastercard is opening developer APIs and demonstrating agent-pay capabilities that allow AI software to make multiple merchant payments within an approved budget. The initiative positions the network to capture emerging autonomous-commerce transactions and builds on the company’s data and AI capabilities. Mastercard AI agent payments
• Neutral Sentiment: Analysts and financial commentators view Mastercard as a high-quality compounder that may still be reasonably valued: shares trade at about 33.4 times earnings versus a recent 12-quarter average of 34.8 times. However, comparative value coverage of Corpay and Mastercard suggests investors are weighing MA’s stronger growth and margins against its higher valuation. Is the market underpricing Mastercard
• Negative Sentiment: Mastercard’s CFO Ling Hai sold 4,317 shares worth approximately $2.7 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the transaction limits its significance, but it remains a modest negative sentiment factor while the stock trades near record levels.
• Negative Sentiment: With MA valued at roughly 33 times earnings and near its 52-week high, expectations remain elevated. Investors will likely require continued strong execution after the latest quarter’s 14.1% revenue growth and earnings beat to justify further multiple expansion.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MA shares. Raymond James Financial reaffirmed an "outperform" rating and set a $632.00 price target (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. TD Cowen lifted their price objective on shares of Mastercard from $664.00 to $667.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods upped their price objective on shares of Mastercard from $665.00 to $685.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Robert W. Baird increased their price objective on shares of Mastercard from $660.00 to $710.00 and gave the company an "outperform" rating in a research report on Friday, October 9th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $665.00 price objective on shares of Mastercard in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $682.66.

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 electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

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.