Mastercard Incorporated $MA Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lifted its stake in Mastercard Incorporated (NYSE:MA) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,015 shares of the credit services provider’s stock after buying an additional 32,515 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Mastercard were worth $111,667,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in shares of Mastercard by 1.3% in the 2nd quarter. State Street Corp now owns 36,964,305 shares of the credit services provider’s stock worth $18,984,867,000 after acquiring an additional 486,283 shares during the period. Jennison Associates LLC grew its holdings in shares of Mastercard by 10.4% during the 1st quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock worth $2,559,779,000 after purchasing an additional 480,725 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mastercard by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after purchasing an additional 42,871 shares in the last quarter. Amundi grew its holdings in shares of Mastercard by 5.8% during the 2nd quarter. Amundi now owns 3,626,416 shares of the credit services provider’s stock worth $1,862,527,000 after purchasing an additional 199,424 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Mastercard by 17.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider’s stock valued at $1,831,763,000 after purchasing an additional 554,366 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, 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 transaction, the insider directly owned 36,650 shares in the company, valued at $21,403,600. This represents a 8.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,317 shares of Mastercard stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $641.00, for a total value of $2,767,197.00. Following the transaction, the chief financial officer directly owned 35,750 shares of the company’s stock, valued at approximately $22,915,750. The trade was a 10.77% 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 25,403 shares of company stock worth $15,428,736 over the last three months. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Mastercard from $720.00 to $755.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $632.00 target price (up from $609.00) on shares of Mastercard in a research report on Friday, July 31st. Daiwa Securities Group lifted their price target on shares of Mastercard from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. KeyCorp boosted their price target on shares of Mastercard from $722.00 to $735.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, Barclays increased their price objective on shares of Mastercard from $660.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $713.21.

Key Stories Impacting Mastercard

These are some of the MA stories that stood out recently:

• Positive Sentiment: Bernstein raised its price target on Mastercard to $764 from $730 and reiterated an “outperform” rating, implying 17.1% upside from the cited $652.48 reference price. TickerReport article
• Positive Sentiment: Mastercard is investing in regional growth. The company plans to add more than 250 specialist roles in Singapore by the end of 2029, while a new agreement with Nigeria’s SMEDAN will advance digitization for small businesses. These initiatives may broaden its regional reach, though hiring also entails investment. Straits Times article Daily Post article
• Neutral Sentiment: Mastercard’s Canadian holiday survey found shoppers are emphasizing budgeting and value. That is useful context for consumer spending, but the report does not provide evidence of a change in Mastercard’s payment volumes. Yahoo Finance article

Mastercard Stock Down 1.2%

NYSE MA opened at $652.48 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.29. The stock’s 50 day moving average is $598.61 and its two-hundred day moving average is $541.70. The company has a market capitalization of $568.43 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.86 and a beta of 0.78. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $681.99.

Mastercard (NYSE:MA) last issued 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. The business had revenue of $9.81 billion during the quarter, compared to analysts’ expectations of $9.66 billion. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. Mastercard’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.38 EPS. Equities analysts forecast that Mastercard Incorporated will post 20.00 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, October 9th. Mastercard’s dividend payout ratio is 18.20%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods. The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.