Norris Perne & French LLP MI Acquires 18,873 Shares of Mastercard Incorporated $MA

Key Points

• Norris Perne & French LLP MI increased its Mastercard stake by 135.9% in the second quarter, purchasing 18,873 additional shares and bringing its holdings to 32,762 shares worth approximately $16.8 million.
• Mastercard reported strong quarterly results, with EPS of $5.04 and revenue of $9.28 billion, exceeding analyst estimates; revenue rose 14.1% year over year. The company also pays an annualized dividend of $3.48 per share, yielding about 0.6%.
• Wall Street remains broadly bullish, with 29 of 31 analysts rating the stock Buy or Strong Buy and an average price target of $661.93, versus a reported share price of $569.05. Growth opportunities include stablecoins and digital-payment expansion, though the premium valuation and modest quarterly estimate cuts present risks.

Norris Perne & French LLP MI increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 135.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,762 shares of the credit services provider's stock after purchasing an additional 18,873 shares during the quarter. Mastercard makes up 1.0% of Norris Perne & French LLP MI's investment portfolio, making the stock its 23rd biggest holding. Norris Perne & French LLP MI's holdings in Mastercard were worth $16,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Novem Group raised its position in 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 purchasing an additional 19 shares during the last quarter. Demars Financial Group LLC grew its position in shares of Mastercard by 0.9% in the 2nd quarter. Demars Financial Group LLC now owns 2,214 shares of the credit services provider's stock valued at $1,137,000 after buying an additional 20 shares during the last quarter. Summitry LLC grew its position in shares of Mastercard by 45.2% in the 2nd quarter. Summitry LLC now owns 217,969 shares of the credit services provider's stock valued at $111,949,000 after buying an additional 67,834 shares during the last quarter. Athena Wealth Management LLC increased its stake in shares of Mastercard by 3.8% in the second quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider's stock valued at $264,000 after buying an additional 19 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $206,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA stock opened at $569.05 on Friday. The stock has a 50-day moving average price of $530.35 and a 200-day moving average price of $516.55. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market cap of $498.49 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the business earned $4.15 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Incorporated will post 19.84 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were 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 was Thursday, July 9th. Mastercard's payout ratio is presently 19.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MA shares. Susquehanna lowered their price objective on Mastercard from $670.00 to $665.00 and set a "positive" rating for the company in a research report on Friday, May 1st. Robert W. Baird upped their target price on Mastercard from $660.00 to $680.00 and gave the company an "outperform" rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods increased their target price on shares of Mastercard from $665.00 to $685.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Royal Bank Of Canada raised their price target on shares of Mastercard from $629.00 to $642.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, UBS Group boosted their price target on shares of Mastercard from $640.00 to $670.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $661.93.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Bill Ackman’s investment adds credibility: Pershing Square disclosed a new Mastercard position as part of its largest portfolio overhaul in years. Ackman’s stated focus on long-term earnings growth and Mastercard’s potential in agentic commerce is providing a positive sentiment catalyst. Reuters article
• Positive Sentiment: Stablecoin expansion creates a new growth opportunity: Mastercard is making a major push into digital dollars and euros, positioning its network and services to benefit as stablecoins gain wider use in payments. This could expand transaction volumes and value-added services, although execution and regulatory risks remain. Motley Fool article
• Positive Sentiment: Digital-payments expansion in Africa: Mastercard and TeamApt announced a strategic collaboration to broaden digital payments across Africa, opening a potentially large market for payment acceptance and financial services. Mastercard and TeamApt article
• Positive Sentiment: Most Zacks Research revisions were favorable: FY2026 EPS estimates increased to $19.72 from $19.40, while FY2027 and FY2028 estimates rose to $22.34 and $25.74, respectively. Estimates for the first three quarters of fiscal 2027 were also raised, reinforcing expectations for continued earnings growth.
• Neutral Sentiment: An analyst described Mastercard as a rare growth-at-a-reasonable-price opportunity, citing double-digit revenue growth, strong margins, cybersecurity services and resilient consumer spending. However, the shares still trade at a premium valuation, making continued execution important. Seeking Alpha article
• Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to $4.99 from $5.01 and Q4 2027 EPS to $5.92 from $6.27. These modest cuts introduce some near-term caution despite the higher full-year forecasts.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 200 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares of the company's stock, valued at $1,793,880. This trade represents a 5.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction on Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the sale, the chief executive officer 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 62,913 shares of company stock valued at $35,769,036. 0.09% of the stock is owned by insiders.

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.

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