Mastercard Incorporated $MA Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.3% during the 3rd quarter, Holdings Channel reports. The firm owned 19,850 shares of the credit services provider’s stock after purchasing an additional 1,349 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Mastercard were worth $10,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Purus Wealth Management LLC acquired a new position in shares of Mastercard during the third quarter worth $211,000. Nvwm LLC increased its holdings in Mastercard by 0.3% in the third quarter. Nvwm LLC now owns 7,230 shares of the credit services provider’s stock worth $3,987,000 after purchasing an additional 22 shares in the last quarter. KG Capital Management lifted its position in shares of Mastercard by 13.2% during the 3rd quarter. KG Capital Management now owns 1,385 shares of the credit services provider’s stock valued at $764,000 after acquiring an additional 162 shares during the period. B.A. Schrock Wealth Management Inc. acquired a new position in shares of Mastercard during the third quarter valued at about $248,000. Finally, Nolet Wealth Management LLC grew its stake in Mastercard by 4.3% in the third quarter. Nolet Wealth Management LLC now owns 807 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value of $8,838,900.00. Following the sale, the chief executive officer owned 93,693 shares in the company, valued at $53,873,475. The trade was a 14.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 3,266 shares of Mastercard stock in a transaction dated 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 completion of the sale, the insider directly owned 36,650 shares in the company, valued at $21,403,600. This trade represents a 8.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 68,359 shares of company stock worth $39,290,046. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.9%

MA stock traded up $11.42 on Thursday, reaching $614.66. The company’s stock had a trading volume of 1,581,403 shares, compared to its average volume of 3,502,078. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $616.27. 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 business has a fifty day simple moving average of $574.08 and a two-hundred day simple moving average of $533.48. The firm has a market cap of $538.45 billion, a PE ratio of 33.79, a PEG ratio of 1.73 and a beta of 0.76.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the firm posted $4.15 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 19.90 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s payout ratio is 19.14%.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and BVNK launched the Mastercard Global Money Platform, a single-API infrastructure service that enables banks, fintechs and businesses to manage traditional currencies and stablecoins. The product is the first major integration since Mastercard acquired BVNK in August and could expand the company’s role in cross-border and digital-asset payments. Mastercard and BVNK launch Global Money Platform
• Positive Sentiment: Analysts and technical strategists continue to highlight Mastercard’s winning streak and potential for a longer-term breakout. The company has a broad “Buy” consensus, with several firms recently raising price targets, including UBS at $670 and Daiwa at $650. Wall Street views on Mastercard
• Positive Sentiment: Investors are looking for double-digit earnings growth in the upcoming third-quarter report. Mastercard’s latest quarter exceeded consensus estimates for earnings and revenue, with revenue increasing 14.1% year over year, supporting confidence in continued operating momentum. Mastercard earnings expectations
• Positive Sentiment: Mastercard is expanding its payments ecosystem through personalized payment strategies, crypto-linked card programs and stablecoin settlement, while also pursuing cybersecurity and commercial fleet-payment opportunities in emerging markets. These initiatives could create additional transaction volume over time. Mastercard personalized payments strategy
• Neutral Sentiment: Director Julius Genachowski sold shares under a pre-arranged Rule 10b5-1 plan. The transactions modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard director stock sale

Wall Street Analysts Forecast Growth

A number of analysts have commented on MA shares. Loop Capital boosted their price objective on Mastercard from $631.00 to $647.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $632.00 target price (up from $609.00) on shares of Mastercard in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Mastercard from $655.00 to $720.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wolfe Research raised their price target on Mastercard from $680.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Clear Str raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $682.66.

Mastercard 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.