Mastercard Incorporated $MA Stock Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Mastercard stake by 10.2% in the third quarter, bringing its holdings to 24,890 shares valued at approximately $13.7 million. Institutional investors collectively own 97.28% of Mastercard.
• Mastercard insiders sold shares under pre-arranged Rule 10b5-1 plans, including CEO Michael Miebach’s sale of 16,628 shares for about $9.4 million. Insiders sold 67,618 shares worth roughly $38.9 million during the last quarter.
• Mastercard reported stronger-than-expected quarterly results, with $5.04 EPS and $9.28 billion in revenue, up 14.1% year over year. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $680.

GAMMA Investing LLC lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,890 shares of the credit services provider's stock after purchasing an additional 2,309 shares during the quarter. GAMMA Investing LLC's holdings in Mastercard were worth $13,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Factor Wealth Management LTD purchased a new position in Mastercard during the third quarter valued at $206,000. Farther Finance Advisors LLC grew its stake in shares of Mastercard by 46.2% in the third quarter. Farther Finance Advisors LLC now owns 50,535 shares of the credit services provider's stock worth $27,868,000 after acquiring an additional 15,975 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Mastercard by 8.0% in the third quarter. CoreCap Advisors LLC now owns 3,680 shares of the credit services provider's stock worth $2,030,000 after acquiring an additional 273 shares during the last quarter. Titleist Asset Management LLC increased its holdings in shares of Mastercard by 31.5% during the third quarter. Titleist Asset Management LLC now owns 677 shares of the credit services provider's stock valued at $373,000 after acquiring an additional 162 shares in the last quarter. Finally, Apella Capital LLC raised its position in shares of Mastercard by 4.2% in the 3rd quarter. Apella Capital LLC now owns 19,199 shares of the credit services provider's stock worth $10,945,000 after purchasing an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 16,628 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the transaction, the chief executive officer directly owned 115,921 shares of the company's stock, valued at $65,806,033.28. This represents a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the transaction, the insider owned 31,179 shares in the company, valued at approximately $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. 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. Insiders have sold a total of 67,618 shares of company stock worth $38,854,630 over the last quarter. Company insiders own 0.09% of the company's stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: SoFi launched stablecoin-based card settlement on Mastercard’s network and is projecting more than $25 billion in annual volume. The initiative could strengthen Mastercard’s role in institutional digital-asset payments and create additional transaction revenue. SoFi launches stablecoin card settlement on Mastercard
• Positive Sentiment: Mastercard is expanding offline payment capabilities across Europe, allowing transactions to continue during power or network outages. The feature may improve network resilience and customer value. Mastercard offline payments in Europe
• Positive Sentiment: New collaborations in Bahrain and with gaming platform Tamatem are expanding Mastercard’s small-business, digital-commerce and gaming payment reach in the Middle East. Mastercard and stc pay Bahrain collaboration Mastercard and Tamatem gaming payments
• Positive Sentiment: Autonomous Research made only a minor reduction to its price target, to $686 from $687, while maintaining an Outperform rating. Autonomous Research Mastercard price target

Mastercard Trading Up 0.8%

Mastercard stock opened at $574.83 on Friday. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.23. The business's fifty day moving average is $571.96 and its 200 day moving average is $530.74. The stock has a market capitalization of $503.56 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.63 and a beta of 0.76. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued 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 business had revenue of $9.28 billion during 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%.Mastercard's revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.15 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 19.9 EPS for the current year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Mastercard from $554.00 to $633.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. TD Cowen lifted their target price on shares of Mastercard from $664.00 to $667.00 and gave the stock a "buy" rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $701.00 target price (up from $674.00) on shares of Mastercard in a research note on Thursday, July 30th. Loop Capital increased their price target on shares of Mastercard from $631.00 to $647.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Wolfe Research increased their price target on shares of Mastercard from $680.00 to $740.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $680.00.

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 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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