Yukon Wealth Management Inc. Acquires Shares of 7,864 Mastercard Incorporated $MA

Yukon Wealth Management Inc. acquired a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,864 shares of the credit services provider’s stock, valued at approximately $4,039,000. Mastercard makes up 1.2% of Yukon Wealth Management Inc.’s holdings, making the stock its 16th biggest holding.

Several other large investors have also made changes to their positions in MA. Border to Coast Pensions Partnership Ltd lifted its stake in Mastercard by 7.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after buying an additional 9,504 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its position in shares of Mastercard by 6.1% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after acquiring an additional 3,768 shares in the last quarter. Marble Wealth LLC acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $1,328,000. Charles Lim Capital Ltd acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $15,699,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after purchasing an additional 1,434 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $591.35 on Friday. The company’s 50-day moving average is $547.06 and its two-hundred day moving average is $519.09. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $518.03 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 1.80 and a beta of 0.72.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) 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 the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 EPS. Analysts forecast that Mastercard Incorporated will post 19.86 EPS 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 paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.14%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Wolfe Research raised their price objective on Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday. Loop Capital reaffirmed a “buy” rating and set a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their target price on shares of Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, KeyCorp upped their price objective on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $664.71.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard has restarted international card-payment services in Syria for the first time in roughly 15 years after regulatory changes, potentially reopening transaction-volume opportunities in the country. Visa is also entering the market, limiting Mastercard’s ability to capture the opportunity exclusively. Visa, Mastercard begin first Syria global card payments in years
• Positive Sentiment: A new partnership with Asia-Pacific travel-experiences platform Klook aims to provide Mastercard cardholders with travel benefits and create additional spending touchpoints as experience-led tourism expands across the region. The initiative could support cross-border payments and customer engagement, although financial terms were not disclosed. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
• Neutral Sentiment: Mastercard said CFO Ling Hai will speak at the Goldman Sachs Communacopia + Technology Conference on September 10. The presentation may offer updates on growth, travel spending and digital payments, but it does not change current financial guidance. Mastercard to Participate in Upcoming Investor Conference
• Neutral Sentiment: Mastercard’s name appears as a supporter of a Ripple XRPL hackathon, highlighting continued interest in blockchain development. However, the event is not evidence of a major XRP or XRPL commercial rollout by Mastercard. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself
• Negative Sentiment: Recent commentary argues that Mastercard’s strong earnings profile and roughly 61% net margin are already reflected in the stock’s elevated valuation. The shares’ retreat after nearing their high may therefore reflect profit-taking and concern that further gains require continued strong execution. Mastercard’s Record Stalls With 61% Margin Already Priced In

Insider Buying and Selling

In other news, insider J. Mehra Sachin sold 1,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider owned 39,916 shares of the company’s stock, valued at $22,834,746.12. This represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 15,372 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total value of $8,838,900.00. Following the transaction, the chief executive officer owned 93,693 shares of the company’s stock, valued at approximately $53,873,475. This represents a 14.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,357 shares of company stock valued at $40,637,262. 0.09% of the stock is currently owned by company insiders.

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.