NewEdge Advisors LLC Grows Position in Mastercard Incorporated $MA

Key Points

• NewEdge Advisors increased its Mastercard position by 5.2% in the first quarter, bringing its holdings to 114,809 shares valued at approximately $57.4 million. Institutional investors collectively own 97.28% of Mastercard’s stock.
• Mastercard reported quarterly EPS of $5.04, beating estimates of $4.77, while revenue rose 14.1% year over year to $9.28 billion. The company also declared a quarterly dividend of $0.87 per share, representing a 0.6% yield.
• Analyst sentiment remains strongly positive, with a consensus “Buy” rating and an average price target of $661.93 versus the reported share price of $576.16; however, insiders sold shares under pre-arranged trading plans during the quarter.

NewEdge Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,809 shares of the credit services provider's stock after buying an additional 5,684 shares during the period. NewEdge Advisors LLC's holdings in Mastercard were worth $57,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider's stock worth $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC boosted its holdings in shares of Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider's stock worth $532,000 after purchasing an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC grew its position in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider's stock valued at $380,548,000 after purchasing an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard during the second quarter worth $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of MA opened at $576.16 on Friday. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The stock has a market cap of $509.09 billion, a PE ratio of 31.69, a P/E/G ratio of 1.72 and a beta of 0.72. The firm has a 50-day simple moving average of $521.01 and a two-hundred day simple moving average of $515.08. 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 posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter in the previous year, the business earned $4.15 EPS. The company's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 19.78 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given 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 Thursday, July 9th. Mastercard's payout ratio is 19.14%.

Insider Activity

In related news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company's stock, valued at $8,625,225. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% 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. In the last quarter, insiders have sold 62,913 shares of company stock valued at $35,769,036. 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: Stablecoin initiatives strengthen Mastercard’s growth outlook: Mastercard is partnering with Borderless.xyz to test trusted cross-border stablecoin payment flows using Mastercard Crypto Credential. The company is also a founding validator for Circle’s Arc blockchain, scheduled to launch on September 16, alongside BlackRock, Visa and other financial institutions. These initiatives could create future transaction, compliance and infrastructure revenue opportunities. Mastercard and Borderless.xyz stablecoin partnership
• Positive Sentiment: Fiserv deal expands merchant reach: Mastercard’s integration with Fiserv Commerce Hub will give enterprise merchants a single connection to Mastercard services across online, mobile and in-store channels, potentially increasing payment volume and adoption of higher-margin value-added services. Mastercard expands merchant reach through Fiserv
• Positive Sentiment: Analyst sentiment remains favorable: Wall Street analysts continue to rate Mastercard positively, with Cantor Fitzgerald recently raising its price target to $695 and maintaining an overweight rating. The outlook is supported by Mastercard’s latest earnings beat, including revenue growth of 14.1% year over year. Wall Street outlook for Mastercard
• Neutral Sentiment: New Mastercard corporate cards in the UAE and Egypt and expanded premium travel benefits in Asia could support regional engagement, but the near-term earnings impact is likely limited. Mastercard corporate cards in the UAE and Egypt
• Negative Sentiment: Multiple insiders sold shares: CEO Michael Miebach sold 15,372 shares for approximately $8.8 million, while J. Mehra Sachin sold 3,000 shares and Linda Pistecchia Kirkpatrick recently sold 4,280 shares. All transactions were made under pre-arranged Rule 10b5-1 plans, reducing—but not eliminating—the bearish signal. Mastercard insider sale filings

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Mastercard from $629.00 to $642.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mastercard in a research note on Tuesday, July 21st. Clear Str upgraded shares of Mastercard to a "strong-buy" rating in a report on Thursday, July 16th. UBS Group increased their price target on shares of Mastercard from $640.00 to $670.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group restated a "buy" rating and set a $701.00 price target on shares of Mastercard in a report on Thursday, July 30th. Five analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $661.93.

About Mastercard

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.

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.

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