Canoe Financial LP Sells 9,700 Shares of Mastercard Incorporated $MA

Canoe Financial LP trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 302,781 shares of the credit services provider’s stock after selling 9,700 shares during the quarter. Mastercard comprises about 2.1% of Canoe Financial LP’s holdings, making the stock its 20th largest position. Canoe Financial LP’s holdings in Mastercard were worth $151,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the 4th quarter valued at $29,000. Foster Dykema Cabot & Partners LLC lifted its position in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the period. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $499.71 on Monday. The company has a fifty day simple moving average of $496.99 and a 200 day simple moving average of $519.71. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $441.54 billion, a P/E ratio of 28.92, a PEG ratio of 1.56 and a beta of 0.74.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business 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 posted $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Citigroup reduced their target price on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.08.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard continues to attract investor interest as a trending stock, which can support shares by keeping attention on the company’s earnings and growth outlook. Article Title
• Positive Sentiment: Mastercard highlighted new travel-focused offerings, including its “Priceless Africa” experience, reinforcing its strategy to deepen consumer engagement and build higher-value travel spending across its network. Article Title
• Positive Sentiment: Mastercard and MarginEdge launched a commercial charge card for restaurants, a small but potentially useful expansion of Mastercard’s commercial payments footprint. Article Title
• Neutral Sentiment: Market commentary continues to frame Mastercard as a premium payments company tied to international expansion, but some articles also argue the stock remains expensive and has lagged over longer periods, which could temper enthusiasm. Article Title
• Neutral Sentiment: Additional pieces focused on broad “what to know” coverage and consumer trends, but did not report a major new catalyst that would materially change Mastercard’s near-term fundamentals. Article Title

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.