Bowen Hanes & Co. Inc. Buys 2,355 Shares of Mastercard Incorporated $MA

Bowen Hanes & Co. Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,100 shares of the credit services provider’s stock after acquiring an additional 2,355 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Mastercard were worth $16,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Riggs Asset Managment Co. Inc. grew its position in shares of Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 18 shares in the last quarter. Tacita Capital Inc grew its position in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Affinity Capital Advisors LLC grew its position in shares of Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after purchasing an additional 19 shares in the last quarter. Abacus Planning Group Inc. grew its position in shares of Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares in the last quarter. Finally, Thomasville National Bank grew its position in shares of Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Tigress Financial increased their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Bank of America assumed coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price target for the company. UBS Group cut their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Six 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Price Performance

Shares of MA stock opened at $472.62 on Thursday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $417.60 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.49 and a beta of 0.74. The stock has a 50 day moving average price of $500.38 and a 200 day moving average price of $525.79.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.73 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding its network capabilities to support stablecoin, intraday, holiday, and weekend settlement options, which could improve transaction flexibility and keep the company relevant as payments move on-chain. Mastercard Prepares to Expand Network Capabilities for New Settlement Choices
• Positive Sentiment: Reports say Mastercard is backing a stealth stablecoin platform alongside Visa, Stripe, and potentially Coinbase, reinforcing the view that the company is trying to shape the future of digital payments rather than be disrupted by them. Mastercard and Visa Back Stealth Stablecoin Platform
• Positive Sentiment: Loop Capital reaffirmed a Buy rating and set a $631 price target, signaling continued analyst confidence after recent results and new growth initiatives. Benzinga report on Loop Capital rating
• Positive Sentiment: Mastercard is testing instant cross-currency payments on the TIPS platform and 24/7 on-chain settlement features, which could strengthen its cross-border and real-time payments franchise. Mastercard tests instant cross-currency payments on TIPS platform
• Neutral Sentiment: Mastercard reshuffled leadership, naming Ling Hai CFO and moving Sachin Mehra into a new business role; investors will likely view this as a strategic reorganization unless execution concerns emerge. Mastercard names Ling Hai CFO, moves Sachin Mehra to new role
• Negative Sentiment: News that U.S. sanctions are interrupting Visa and Mastercard payments in Cuba highlights a localized geopolitical disruption that could weigh on payment volumes in the region. US sanctions interrupt Visa, Mastercard payments in Cuba

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.