Hollencrest Capital Management Has $58,000 Stock Holdings in Mastercard Incorporated $MA

Hollencrest Capital Management trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 99.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113 shares of the credit services provider’s stock after selling 71,726 shares during the period. Hollencrest Capital Management’s holdings in Mastercard were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. New Mexico Educational Retirement Board boosted its position in Mastercard by 7.1% during the second quarter. New Mexico Educational Retirement Board now owns 40,610 shares of the credit services provider’s stock valued at $20,857,000 after purchasing an additional 2,700 shares during the last quarter. Mufg Securities Americas Inc. increased its position in Mastercard by 7.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 24,302 shares of the credit services provider’s stock worth $12,482,000 after purchasing an additional 1,772 shares during the last quarter. Nissay Asset Management Corp Japan increased its position in Mastercard by 4.0% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 187,006 shares of the credit services provider’s stock worth $96,046,000 after purchasing an additional 7,162 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of 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 purchasing an additional 82,793 shares in the last quarter. Finally, Tandem Capital Management Corp ADV purchased a new stake in shares of Mastercard during the 2nd quarter worth about $285,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $595.51 on Friday. The business’s 50-day simple moving average is $549.15 and its 200-day simple moving average is $519.62. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.62. The firm has a market cap of $521.67 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 1.79 and a beta of 0.72.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the firm posted $4.15 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were paid a $0.87 dividend. The ex-dividend date was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and QNB Group processed Syria’s first international card transaction in more than 15 years. The milestone marks the reopening and modernization of Syria’s international payments infrastructure following the lifting of certain U.S. restrictions. Although the near-term financial contribution is likely to be small, the development creates a potential new market and demonstrates Mastercard’s ability to support payments expansion. Syria marks first international card transaction in more than 15 years with Mastercard and QNB Group
• Positive Sentiment: Analysts have given Mastercard a consensus “Buy” rating. Continued Wall Street support adds to the bullish backdrop, though the rating itself may already be reflected in the share price. Mastercard Incorporated Given Consensus Rating of Buy by Analysts
• Positive Sentiment: Pershing Square founder Bill Ackman added Mastercard to the hedge fund’s portfolio. The purchase may improve investor sentiment by signaling confidence from a prominent long-term investor, although it does not change Mastercard’s operating outlook. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Positive Sentiment: A partnership with Klook targets growing travel and experiences spending across Asia Pacific. Mastercard cardholder benefits and additional travel-related payment touchpoints could support transaction volume in a high-growth region. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
• Neutral Sentiment: Mastercard will participate in the Goldman Sachs Communacopia + Technology Conference on September 10, where CFO Ling Hai is scheduled to speak. Investors may look for updates on growth, margins and capital allocation, but no new financial information was provided. Mastercard to Participate in Upcoming Investor Conference
• Neutral Sentiment: Mastercard’s name appears as a supporter of an XRPL/Ripple hackathon, but reports caution that the sponsorship does not represent a new cryptocurrency partnership or major product launch. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 16,628 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the completion of the sale, the chief executive officer directly owned 115,921 shares in the company, valued at $65,806,033.28. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. This represents a 5.68% 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 ninety days, insiders have sold 71,357 shares of company stock worth $40,637,262. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. Keefe, Bruyette & Woods boosted their price target on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Royal Bank Of Canada raised their price objective 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. Cantor Fitzgerald lifted their target price on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Robert W. Baird boosted their target price on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Finally, Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, June 29th. They set an “overweight” rating and a $597.00 price target on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $664.71.

About Mastercard

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.