Mastercard Incorporated $MA Stake Raised by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,088 shares of the credit services provider’s stock after buying an additional 893 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Mastercard were worth $6,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Atlatl Advisers LLC grew its holdings in Mastercard by 2.8% during the 3rd quarter. Atlatl Advisers LLC now owns 586 shares of the credit services provider’s stock worth $323,000 after acquiring an additional 16 shares during the period. Foster Group Inc. raised its position in shares of Mastercard by 0.9% during the 3rd quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock valued at $1,170,000 after acquiring an additional 18 shares during the last quarter. Shakespeare Wealth Management LLC lifted its stake in shares of Mastercard by 3.8% in the 3rd quarter. Shakespeare Wealth Management LLC now owns 492 shares of the credit services provider’s stock valued at $271,000 after purchasing an additional 18 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Mastercard by 3.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 513 shares of the credit services provider’s stock valued at $283,000 after purchasing an additional 18 shares during the period. Finally, Athena Wealth Management LLC lifted its stake in shares of Mastercard by 3.8% in the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock valued at $264,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 3.2%

MA opened at $658.68 on Tuesday. The stock has a market capitalization of $577.01 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.74 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $661.34. The firm’s fifty day simple moving average is $588.35 and its 200 day simple moving average is $536.78.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.17 by $0.14. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The firm had revenue of $9.81 billion during the quarter, compared to analysts’ expectations of $9.66 billion. During the same quarter in the prior year, the company earned $4.38 EPS. The company’s revenue was up 14.0% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 19.96 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard’s dividend payout ratio is currently 18.20%.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the transaction, the chief executive officer owned 93,693 shares of the company’s stock, valued at $53,873,475. This represents a 14.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the transaction, the insider directly owned 40,916 shares of the company’s stock, valued at $23,613,851.08. This represents a 15.39% 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. Insiders have sold a total of 35,140 shares of company stock valued at $20,442,036 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Strong earnings support the rally. Mastercard exceeded quarterly expectations with EPS of $5.31 versus $5.17 expected and revenue of $9.81 billion versus $9.66 billion. Revenue increased 14% year over year, reflecting broad-based growth in the core payment network and value-added services. The 5 most interesting analyst questions from Mastercard’s Q3 earnings call
• Positive Sentiment: Analysts raised their valuation outlook. UBS lifted its target to $750 and retained a Buy rating, while Cantor Fitzgerald raised its target to $765 and maintained Overweight. Additional brokers also increased targets, reinforcing positive sentiment around Mastercard’s earnings growth and execution. UBS Mastercard price-target increase Cantor Fitzgerald Mastercard price-target increase
• Positive Sentiment: AI and cross-border payments partnerships add strategic upside. Mastercard disclosed a broad collaboration with OpenAI involving payments, AI transformation and its Agent Pay platform. Its partnership with Tencent’s TenPay Global will also allow international visitors to use overseas wallets at QR-enabled merchants in China, expanding Mastercard’s reach in digital and agentic commerce. Mastercard forms OpenAI and Tencent partnerships
• Positive Sentiment: New payment channels broaden growth potential. Mastercard and OKX launched a stablecoin-linked card in most U.S. states, while an expanded relationship with India’s largest private bank increases access to small-business and consumer customers. ETF purchases and reported wins in India, China and Germany provide additional demand signals. OKX and Mastercard stablecoin card
• Neutral Sentiment: Wall Street’s bullish consensus is supportive, but analyst recommendations can be overly optimistic. Mastercard’s elevated valuation and remaining intra-Europe cross-border headwinds may limit further upside if growth or payment volumes slow.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MA shares. Piper Sandler raised their price target on Mastercard from $597.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Evercore upped their price objective on Mastercard from $550.00 to $620.00 in a report on Friday, July 31st. BNP Paribas Exane increased their target price on Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. UBS Group raised their target price on Mastercard from $670.00 to $750.00 and gave the stock a “buy” rating in a report on Friday. Finally, President Capital raised their target price on Mastercard from $693.00 to $729.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $702.91.

Mastercard Company 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 electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.