Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Takes $15.62 Million Position in Mastercard Incorporated $MA

Key Points

• Retail Employees Superannuation Trust opened a new position in Mastercard during the fourth quarter, buying 27,358 shares valued at about $15.62 million. The stake represents roughly 4.2% of its portfolio and is its 7th-largest holding.
• Mastercard continues to draw heavy institutional interest, with major holders like State Street, Vanguard, and others increasing their positions. In total, 97.28% of Mastercard’s stock is owned by institutional investors.
• The company recently beat quarterly expectations, reporting $4.60 EPS on $8.40 billion in revenue, and analysts remain upbeat with a Buy consensus and an average price target of $656.04. Mastercard also recently secured a New York BitLicense, supporting its digital currency and stablecoin strategy.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,358 shares of the credit services provider's stock, valued at approximately $15,618,000. Mastercard comprises about 4.2% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors also recently modified their holdings of MA. State Street Corp boosted its stake in shares of Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock valued at $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider's stock valued at $45,181,341,000 after purchasing an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider's stock valued at $494,110,000 after purchasing an additional 768,514 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider's stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Mastercard during the 4th quarter valued at $289,353,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

MA opened at $495.41 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company's fifty day moving average price is $501.38 and its two-hundred day moving average price is $528.21. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The company has a market cap of $437.74 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the company posted $3.73 earnings per share. The business's revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Wolfe Research reiterated an "outperform" rating on shares of Mastercard in a research report on Tuesday, March 17th. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a research report on Wednesday, January 28th. Bank of America began coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a "buy" rating and a $700.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $685.00 to $655.00 and set an "overweight" rating on the stock in a research report on Friday, January 30th. Finally, Macquarie Infrastructure boosted their target price on shares of Mastercard from $660.00 to $675.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $656.04.

Mastercard Company Profile

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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