Mastercard Incorporated $MA Shares Bought by Summitry LLC

Summitry LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 149,425 shares of the credit services provider’s stock after purchasing an additional 2,305 shares during the period. Mastercard accounts for approximately 3.6% of Summitry LLC’s investment portfolio, making the stock its 7th largest holding. Summitry LLC’s holdings in Mastercard were worth $85,304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after acquiring an additional 466,514 shares during the period. State Street Corp lifted its holdings in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the period. Capital Research Global Investors lifted its holdings in Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. Legal & General Group Plc lifted its holdings in Mastercard by 4.2% in the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after acquiring an additional 235,403 shares during the period. Finally, Invesco Ltd. lifted its holdings in Mastercard by 6.4% in the third quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock valued at $3,218,638,000 after acquiring an additional 339,137 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s long-term share-price surge and strong historical returns were highlighted again, reinforcing investor confidence in its durable business model and compounding earnings power. Mastercard’s 12,000% surge proves value investing
• Positive Sentiment: Mastercard’s renewed partnership with CIB, Egypt’s largest private-sector bank, suggests continued international expansion and deeper digital payments penetration in an important growth market. Mastercard and CIB Team to Boost Digital Payments in Egypt
• Positive Sentiment: Reports that Mastercard’s BVNK deal is part of a larger stablecoin strategy point to a push into digital assets and next-generation payments, which could open new revenue opportunities if executed well. Mastercard BVNK Acquisition: Zerohash Dropped as $1.8B Stablecoin Bet Takes Shape
• Neutral Sentiment: Several articles revisited Mastercard’s exceptional IPO-to-present gains and compared it with Visa, but these pieces were mostly commentary and did not change the fundamental outlook. Mastercard’s stock is up 11,000% since its IPO 20 years ago. What comes next?

Mastercard Stock Down 0.1%

Shares of MA opened at $498.24 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a one year low of $480.50 and a one year high of $601.77. The stock has a market capitalization of $440.24 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.56 and a beta of 0.76. The stock has a 50 day moving average price of $501.70 and a 200 day moving average price of $529.03.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the business earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wolfe Research restated an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Evercore restated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a research report on Wednesday, January 28th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $656.00.

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.