2,180 Mastercard Incorporated $MA Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,753 shares of the credit services provider’s stock after selling 2,180 shares during the period. Mastercard makes up about 1.3% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 17th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Mastercard were worth $18,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MA. State Street Corp increased its holdings in Mastercard by 1.3% in the 2nd quarter. State Street Corp now owns 36,964,305 shares of the credit services provider’s stock valued at $18,984,867,000 after purchasing an additional 486,283 shares in the last quarter. Jennison Associates LLC raised its position in Mastercard by 10.4% in the first quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider’s stock valued at $2,559,779,000 after purchasing an additional 480,725 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Mastercard by 1.0% during the first 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 lifted its stake in shares of Mastercard by 5.8% during the second 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 lifted its stake 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 worth $1,831,763,000 after purchasing an additional 554,366 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Analysts expect Mastercard to benefit from strong cross-border transaction activity, growth in value-added services and resilient payment volumes. These trends support the possibility of another earnings beat, building on the company’s previous quarter in which revenue and adjusted earnings exceeded consensus estimates. Mastercard Looks Poised for a Q3 Earnings Beat: Time to Buy?
• Positive Sentiment: Mastercard’s Global Money Platform, which supports stablecoin-related payments, could expand its role in remittances and transactions involving less commonly traded currency pairs. The company is also pursuing embedded B2B payments, fraud-prevention services and potential AI-agent commerce, creating additional long-term growth opportunities. The stablecoin sandwich: Why speeding up payments isn’t so simple
• Positive Sentiment: New initiatives with MrBeast’s Beast Industries, Tech Mahindra and regional partners broaden Mastercard’s consumer, creator and corporate-payment reach. Investors may view these partnerships as supportive of card issuance, transaction growth and future services revenue. Mastercard Launches Creator Card Project With MrBeast
• Neutral Sentiment: Mastercard has recently delivered an approximately 8.1% 30-day share-price return and trades at a premium valuation, making the upcoming earnings report and management guidance especially important. Strong results could support the shares, while merely in-line performance may prompt profit-taking. Mastercard After Stablecoin Platform Launch And Earnings Hype
• Negative Sentiment: Mastercard and Visa face potential UK class actions seeking roughly £5 billion in compensation for alleged excessive card-payment interchange fees. Although the outcome and ultimate financial impact remain uncertain, the litigation adds regulatory and headline risk to Mastercard’s outlook. Visa, Mastercard Face Potential £5 Billion UK Class Actions

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,372 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% 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, insider Sachin Mehra sold 3,266 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $584.00, for a total value of $1,907,344.00. Following the completion of the transaction, the insider directly owned 36,650 shares of the company’s stock, valued at $21,403,600. This represents a 8.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 72,676 shares of company stock valued at $41,966,586. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. Weiss Ratings raised Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. KeyCorp raised their target price on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, August 21st. Truist Financial boosted their price target on Mastercard from $633.00 to $674.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods upped their price target on Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $683.94.

Mastercard Stock Down 0.5%

MA opened at $610.18 on Wednesday. The company has a fifty day simple moving average of $583.54 and a 200 day simple moving average of $535.40. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $633.29.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. During the same period last year, the firm earned $4.15 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%.

About Mastercard

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 electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.