Thurston Springer Miller Herd & Titak Inc. Sells 1,226 Shares of Mastercard Incorporated $MA

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 70.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 514 shares of the credit services provider’s stock after selling 1,226 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mastercard were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Mastercard by 7.3% in the first 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 purchasing an additional 9,504 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Mastercard by 5.4% in the 1st 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 during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Mastercard by 105.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,834 shares of the credit services provider’s stock worth $6,412,000 after buying an additional 6,576 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Mastercard by 5.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock worth $850,004,000 after buying an additional 82,793 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in Mastercard by 50.1% in the 1st quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock valued at $6,996,000 after buying an additional 4,675 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Analysts expect Mastercard’s upcoming third-quarter report to show double-digit earnings growth. The company’s latest quarter also exceeded consensus estimates for earnings and revenue, reinforcing optimism about continued transaction-volume growth. Mastercard next earnings report
• Positive Sentiment: Mastercard is extending its network into digital assets through a crypto-linked card in Mexico with SoFi Tech Solutions and Orbi. Customers can spend either fiat or crypto while merchants receive traditional currency, potentially increasing payment activity on Mastercard’s network. Mastercard Orbi crypto card
• Positive Sentiment: The company launched an Open USD stablecoin initiative on Solana for cross-border payments, highlighting Mastercard’s effort to participate in blockchain-based settlement and international commerce. Mastercard stablecoin initiative
• Positive Sentiment: Mastercard announced an Africa Cybersecurity Center of Excellence and partnered with WEX on a unified Asia-Pacific fleet-payments network. These initiatives could support long-term growth in cybersecurity, commercial payments and emerging markets. Mastercard Africa and Asia-Pacific expansion
• Positive Sentiment: Technical commentary describes MA as being above key buy points and potentially approaching a long-term breakout. Analysts broadly rate the shares a “Moderate Buy,” with reported price targets above the current trading range. Mastercard potential breakout
• Neutral Sentiment: Director Julius Genachowski sold shares in October under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduced his holdings but do not necessarily indicate a change in management’s outlook. Mastercard insider transaction filing
• Neutral Sentiment: Mastercard’s long-term investment performance and defensive pure-play payment-network profile continue to attract investor attention, although the shares trade at a premium valuation.
• Negative Sentiment: Mastercard and Visa face a reported £700 million U.K. class action concerning post-Brexit fees, creating potential legal costs and regulatory risk. U.K. class action involving Mastercard

Mastercard Trading Up 0.0%

MA traded up $0.10 during trading on Wednesday, reaching $604.90. 1,703,180 shares of the company’s stock were exchanged, compared to its average volume of 3,503,947. The company’s fifty day moving average price is $573.44 and its 200-day moving average price is $532.76. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $529.90 billion, a PE ratio of 33.28, a P/E/G ratio of 1.70 and a beta of 0.76. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $606.61.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.15 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 19.90 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is currently 19.14%.

Analyst Ratings Changes

Several research firms have recently commented on MA. The Goldman Sachs Group reissued a “buy” rating and issued a $701.00 target price (up from $674.00) on shares of Mastercard in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. KeyCorp raised their price target on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Loop Capital lifted their price objective on Mastercard from $631.00 to $647.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn cut their target price on shares of Mastercard from $710.00 to $688.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $681.56.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 370 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $590.21, for a total value of $218,377.70. Following the completion of the sale, the director owned 8,237 shares of the company’s stock, valued at approximately $4,861,559.77. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 3,266 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total transaction of $1,907,344.00. Following the completion of the sale, the insider owned 36,650 shares in the company, valued at approximately $21,403,600. This trade represents a 8.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,359 shares of company stock worth $39,290,046 over the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.