Mastercard Incorporated $MA Stock Holdings Raised by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its Mastercard stake by 17.5% in the third quarter, adding 4,240 shares to reach 28,435 shares valued at about $15.7 million. Institutional investors and hedge funds collectively own 97.28% of the stock.
• Mastercard beat quarterly estimates, reporting EPS of $5.31 versus $5.17 expected and revenue of $9.81 billion versus $9.66 billion expected; revenue grew 14% year over year.
• Analysts hold a broadly positive view, with a consensus “Moderate Buy” rating and average price target of $705.67. Mastercard’s quarterly dividend was $0.87 per share, equivalent to a 0.5% annualized yield.

AlphaCore Capital LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,435 shares of the credit services provider's stock after purchasing an additional 4,240 shares during the period. AlphaCore Capital LLC's holdings in Mastercard were worth $15,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Robinswood Financial LLC acquired a new position in Mastercard during the first quarter worth $25,000. Next Level Wealth Planning LLC purchased a new position in Mastercard during the third quarter valued at $31,000. Allied Private Wealth LLC purchased a new position in Mastercard during the second quarter valued at $34,000. IMG Wealth Management Inc. grew its position in shares of Mastercard by 58.7% in the third quarter. IMG Wealth Management Inc. now owns 73 shares of the credit services provider's stock valued at $40,000 after purchasing an additional 27 shares during the period. Finally, Premier Financial Group acquired a new stake in shares of Mastercard in the second quarter valued at about $39,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.4%

Shares of Mastercard stock opened at $655.32 on Tuesday. The stock has a market cap of $574.07 billion, a P/E ratio of 34.27, a P/E/G ratio of 1.90 and a beta of 0.78. The stock's 50 day simple moving average is $594.35 and its 200-day simple moving average is $539.76. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $681.99. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.01 and a quick ratio of 1.01.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The credit services provider reported $5.31 EPS for the quarter, beating the consensus estimate of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The firm had revenue of $9.81 billion during the quarter, compared to analysts' expectations of $9.66 billion. During the same quarter last year, the firm earned $4.38 earnings per share. The business's revenue for the quarter was up 14.0% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 20.00 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is 18.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MA shares. Raymond James Financial reissued an "outperform" rating and set a $632.00 target price (up from $609.00) on shares of Mastercard in a research note on Friday, July 31st. Piper Sandler raised their price target on shares of Mastercard from $597.00 to $710.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. KeyCorp lifted their price objective on Mastercard from $722.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Robert W. Baird boosted their price objective on Mastercard from $660.00 to $710.00 and gave the stock an "outperform" rating in a research note on Friday, October 9th. Finally, Mizuho set a $711.00 price objective on Mastercard in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $705.67.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: A fund with $4.5 billion in U.S. equities increased its Mastercard stake by 1,884% in the third quarter, a notable signal of institutional investor interest. Article: A Fund With $4.5 Billion in US Equities Just Bought These 3 Stocks
• Positive Sentiment: Egypt’s Housing and Development Bank will use Mastercard’s platform and global network to expand its card offering, potentially supporting payment volume and reach. Article: Egypt’s HDB partners with Mastercard to expand card offer
• Positive Sentiment: Mastercard is backing Seattle startup Firmly’s work on AI shopping agents alongside JPMorgan, giving the company exposure to emerging commerce technology; the report does not specify the investment size. Article: JPMorgan and Mastercard back Seattle startup Firmly’s bet on AI shopping agents
• Neutral Sentiment: Mastercard’s Citi FinTech Conference appearance and CEO Michael Miebach’s profile may offer investor perspective, but the headlines provide no specific financial guidance or material new developments. Article: Mastercard presents at Citi’s 15th Annual FinTech Conference Article: How Mastercard’s Michael Miebach Learned to Love Collaboration
• Neutral Sentiment: Coverage comparing MA and WEX as value stocks does not provide a specific conclusion in the supplied summary. Mastercard also joined an Australian accessibility accreditation initiative, a reputational development with unclear near-term earnings impact. Article: WEX or MA: Which Is the Better Value Stock Right Now? Article: Mastercard, Telstra & Woolies Back New Accessibility Accreditation
• Negative Sentiment: Freedom Broker cut Mastercard to Hold, signaling a more cautious view that could weigh on sentiment. Article: Mastercard Cut to Hold at Freedom Broker

Insider Buying and Selling at Mastercard

In other news, insider Sachin Mehra sold 3,266 shares of Mastercard stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total transaction of $1,907,344.00. Following the transaction, the insider owned 36,650 shares in the company, valued at $21,403,600. The trade was a 8.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 dated Monday, October 12th. The shares were sold at an average price of $590.21, for a total transaction of $218,377.70. Following the transaction, the director directly owned 8,237 shares in the company, valued at approximately $4,861,559.77. The trade was a 4.30% 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 25,403 shares of company stock worth $15,428,736 in the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods.

The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.

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