Mastercard Incorporated $MA Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 830,341 shares of the credit services provider’s stock after buying an additional 4,231 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of Mastercard worth $414,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares during the period. J. Stern & Co. LLP grew its position in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. State Street Corp grew its position in shares of 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 purchasing an additional 997,536 shares during the period. Geode Capital Management LLC increased its stake in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after purchasing an additional 349,369 shares during the last quarter. Finally, Capital International Investors increased its stake in Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after purchasing an additional 759,584 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

Mastercard Price Performance

MA stock opened at $537.33 on Wednesday. The company has a market cap of $474.78 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a 50-day moving average price of $505.73 and a two-hundred day moving average price of $515.35. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $3.73 EPS. As a group, research analysts predict that Mastercard Incorporated will post 19.62 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.

Insider Activity at Mastercard

In other news, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on 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 owned 3,322 shares of the company’s stock, valued at $1,793,880. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the transaction, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. This represents a 22.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,005 shares of company stock worth $3,689,976 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Loop Capital reiterated a “buy” rating and set a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, June 29th. They set an “overweight” rating and a $597.00 price objective for the company. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen decreased their target price on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price for the company. Eight analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $653.92.

Mastercard Profile

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.