Cary Street Partners Financial LLC Purchases 1,257 Shares of Mastercard Incorporated $MA

Cary Street Partners Financial LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 17.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,467 shares of the credit services provider’s stock after purchasing an additional 1,257 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Mastercard were worth $4,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the period. Tacita Capital Inc lifted its stake in shares of Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares during the last quarter. Finally, Birchbrook Inc. purchased a new position in Mastercard during the 4th quarter valued at $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.9%

Shares of NYSE MA opened at $494.22 on Wednesday. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The firm has a market cap of $436.68 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. The business has a fifty day simple moving average of $501.62 and a two-hundred day simple moving average of $528.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

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

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Macquarie Infrastructure upped their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Truist Financial cut their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. Finally, BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a report on Thursday, March 19th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $656.04.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard CEO Michael Miebach said consumer spending trends in the Middle East remain solid, which supports the view that cross-border and payments volume remain healthy. Mastercard CEO Michael Miebach: Overall spending trends in the Middle East remain solid
• Positive Sentiment: Mastercard CTO Ed McLaughlin highlighted the company’s focus on future payment infrastructure, reinforcing investor confidence in Mastercard’s innovation pipeline and long-term growth strategy. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Positive Sentiment: Coverage from multiple outlets argued that Mastercard remains a top long-term growth stock, with continued emphasis on its scale, profitability, and decades of strong stock performance. Why Mastercard (MA) is a top growth stock for the long term
• Positive Sentiment: News that Increase expanded push-to-card transfers for Mastercard and Visa cards underscores continued adoption of Mastercard-linked payment rails in instant payout and refund use cases. Increase Expands Instant Payment Solutions to Include Push-to-Card Transfers
• Neutral Sentiment: Several articles marked Mastercard’s 20-year IPO anniversary and its historical stock gains; these reinforce the company’s strong track record but do not change near-term fundamentals. NYSE Content Update: Mastercard Celebrates Two Decades as NYSE-Listed Company
• Neutral Sentiment: Other pieces compared Mastercard with Visa or highlighted its long-term share-price surge, which is supportive sentiment but not a direct catalyst for the stock today. Mastercard’s stock is up 11,000% since its IPO 20 years ago. What comes next?
• Negative Sentiment: Broader consumer-spending commentary around selective shopping and Memorial Day promotions could signal a more cautious backdrop for payment volumes if discount-driven spending softness persists. Memorial Day Sales Test the Selective Consumer

Mastercard 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.