Quintet Private Bank Europe S.A. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,848 shares of the credit services provider’s stock after purchasing an additional 1,939 shares during the period. Mastercard comprises about 0.8% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 28th biggest position. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $17,012,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of MA. Robinswood Financial LLC purchased a new position in shares of Mastercard during the first quarter valued at about $25,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the 4th quarter valued at about $29,000. First Pacific Financial increased its position in Mastercard by 113.8% during the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Lifetime Wealth Management P.C. bought a new stake in shares of Mastercard during the 4th quarter valued at $33,000. Finally, Allied Private Wealth LLC bought a new position in shares of Mastercard in the second quarter worth about $34,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Mastercard Stock Up 1.5%
MA traded up $8.46 on Thursday, hitting $578.52. The company had a trading volume of 1,113,476 shares, compared to its average volume of 3,509,525. The stock has a market capitalization of $506.79 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 1.62 and a beta of 0.76. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $572.03 and a 200-day moving average price of $530.19. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.23.
Mastercard Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.
Analysts Set New Price Targets
Several brokerages recently issued reports on MA. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, August 21st. Truist Financial upped their price objective on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Cantor Fitzgerald raised their target price on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, BNP Paribas Exane boosted their price target on shares of Mastercard from $680.00 to $713.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $680.00.
Check Out Our Latest Report on Mastercard
Trending Headlines about Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Stablecoin settlement expansion: SoFi is launching stablecoin card settlement on Mastercard and projects more than $25 billion in annual transaction volume. Separately, institutional stablecoin settlement rails are rapidly expanding, highlighting a potential new growth channel for Mastercard’s payments infrastructure. SoFi launches stablecoin card settlement on Mastercard Institutional Stablecoin Settlement Expansion
- Positive Sentiment: New payment use cases: Mastercard is working with Tamatem to power gaming web stores in the UAE and Saudi Arabia, while an expanded partnership with stc pay Bahrain targets digital-payment growth among small businesses. These initiatives could increase transaction volumes in underpenetrated markets. Mastercard and Tamatem Gaming Payments Mastercard and stc pay Bahrain Partnership
- Positive Sentiment: Resilience and innovation: Mastercard is introducing offline payment capabilities across Europe to keep transactions operating during power or network outages and is exploring consumer trust in AI-agent purchases. Both efforts support Mastercard’s role in future payment infrastructure. Mastercard Offline Payments in Europe Mastercard AI-Agent Payments
- Positive Sentiment: Analyst support: Autonomous Research maintained an Outperform rating and a $686 price target, signaling continued confidence in Mastercard’s earnings and growth outlook. Autonomous Research Mastercard Price Target
- Neutral Sentiment: Mastercard is expanding its Dublin operations with a second office, supporting long-term hiring and regional infrastructure but adding costs before any revenue benefit is clear. Mastercard Dublin Office Expansion
- Negative Sentiment: Investors are discussing strategies to profit from potential Mastercard weakness ahead of earnings, underscoring concerns about valuation, expectations and short-term volatility. Mastercard Earnings Options Strategy
Insider Buying and Selling at Mastercard
In other news, CEO Michael Miebach sold 15,372 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total value of $8,838,900.00. Following the completion of the sale, the chief executive officer owned 93,693 shares of the company’s stock, valued at $53,873,475. This trade represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 3,266 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total value of $1,907,344.00. Following the transaction, the insider owned 36,650 shares in the company, valued at approximately $21,403,600. This trade represents a 8.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 67,618 shares of company stock worth $38,854,630 over the last three months. Corporate insiders own 0.09% of the company’s stock.
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 the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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