Mastercard Incorporated $MA Stock Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Mastercard stake by 27.4% in the third quarter, bringing its holdings to 7,747 shares valued at approximately $4.61 million. Institutional investors collectively own 97.28% of the company.
• Mastercard reported quarterly earnings of $5.04 per share and revenue of $9.28 billion, exceeding analyst expectations; revenue rose 14.1% year over year. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $681.56.
• The company declared a quarterly dividend of $0.87 per share, equivalent to $3.48 annually and a 0.6% yield. Mastercard shares were trading near their 12-month high at $604.95, while the company continues expanding into digital assets, cybersecurity and emerging-market payments.

Krilogy Financial LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 27.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,747 shares of the credit services provider's stock after acquiring an additional 1,667 shares during the quarter. Krilogy Financial LLC's holdings in Mastercard were worth $4,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the 4th quarter worth approximately $29,000. Robinswood Financial LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $25,000. Lifetime Wealth Management P.C. bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $33,000. First Pacific Financial raised its stake in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 33 shares in the last quarter. Finally, Monetary Solutions Ltd acquired a new position in shares of Mastercard in the fourth quarter valued at $37,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 1.7%

Shares of Mastercard stock opened at $604.95 on Wednesday. The stock has a market capitalization of $529.94 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 1.70 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a 50-day simple moving average of $573.44 and a 200 day simple moving average of $532.76. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $605.60.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.15 earnings per share. Research analysts expect that Mastercard Incorporated will post 19.90 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 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 of this dividend is Friday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 19.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Mastercard from $597.00 to $710.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. BNP Paribas Exane upped their target price on shares of Mastercard from $680.00 to $713.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. UBS Group raised their price target on shares of Mastercard from $640.00 to $670.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Rothschild & Co Redburn lowered their price objective on Mastercard from $710.00 to $688.00 and set a "buy" rating on the stock in a research note on Wednesday, September 2nd. Finally, Dbs Bank raised Mastercard to a "moderate buy" rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $681.56.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Technical analysts say Mastercard may be approaching a long-term breakout after moving above key buy points and extending a multi-session winning streak. This is attracting momentum-oriented investors. Why the charts are signaling that Mastercard could be poised for a long-term breakout
• Positive Sentiment: Investors are anticipating Mastercard’s third-quarter results later this month, with analysts expecting double-digit earnings growth. The company’s latest reported quarter also exceeded consensus estimates for both earnings and revenue. Here’s What to Expect From Mastercard Incorporated’s Next Earnings Report
• Positive Sentiment: Mastercard is broadening its payments ecosystem through a crypto-linked card program with SoFi Tech Solutions and Orbi in Mexico. The program allows customers to spend crypto or fiat while merchants receive traditional currency, potentially increasing Mastercard network usage. Does Mastercard Using Orbi’s Crypto Card in Mexico Hint at a Deeper Network Strategy?
• Positive Sentiment: New digital-asset initiatives, including an Open USD stablecoin on Solana for cross-border payments, reinforce Mastercard’s strategy of participating in blockchain-based settlement and international commerce. Mastercard launches Open USD stablecoin on Solana for cross-border payments
• Positive Sentiment: Mastercard announced an Africa cybersecurity center and partnered with WEX on an Asia-Pacific fleet-payments network projected to process billions of dollars in annual transactions, supporting longer-term growth in commercial and emerging-market payments. WEX and Mastercard partner to unify fleet payments across Asia-Pacific
• Neutral Sentiment: Director Julius Genachowski sold shares in two transactions under a pre-arranged Rule 10b5-1 plan. The sales modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard SEC Form 4 insider transaction
• Negative Sentiment: Mastercard and Visa face a reported £700 million class action in the United Kingdom related to post-Brexit fees, creating a potential legal and financial overhang. Visa and Mastercard face £700m class action over post-Brexit fees

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total value of $8,838,900.00. Following the completion of the transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 370 shares of the business's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $590.21, for a total value of $218,377.70. Following the completion of the transaction, the director directly owned 8,237 shares in the company, valued at approximately $4,861,559.77. This represents a 4.30% decrease in their position. 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. Over the last quarter, insiders sold 68,359 shares of company stock valued at $39,290,046. Company insiders own 0.09% of the company's stock.

About Mastercard

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 the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard's products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.

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