State of Wyoming Has $2.90 Million Stake in Mastercard Incorporated $MA

State of Wyoming raised its position in shares of Mastercard Incorporated (NYSE:MA) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,075 shares of the credit services provider’s stock after buying an additional 1,373 shares during the period. Mastercard comprises 0.3% of State of Wyoming’s portfolio, making the stock its 20th biggest position. State of Wyoming’s holdings in Mastercard were worth $2,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC increased its holdings in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after acquiring an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Mastercard in the second quarter valued at approximately $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 1.1%

MA opened at $472.62 on Thursday. The firm’s fifty day moving average is $500.38 and its two-hundred day moving average is $525.79. The firm has a market cap of $417.60 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.49 and a beta of 0.74. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month 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.

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

Key Headlines Impacting 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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MA shares. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup reduced their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Six investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Company 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.