Mastercard Incorporated $MA is Rit Capital Partners PLC’s 3rd Largest Position

Rit Capital Partners PLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% during the first quarter, Holdings Channel.com reports. The firm owned 68,050 shares of the credit services provider’s stock after acquiring an additional 1,750 shares during the quarter. Mastercard comprises about 9.1% of Rit Capital Partners PLC’s portfolio, making the stock its 3rd largest holding. Rit Capital Partners PLC’s holdings in Mastercard were worth $34,002,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Riggs Asset Managment Co. Inc. boosted its position in shares of Mastercard by 20.0% in the 2nd 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. Abacus Planning Group Inc. raised its stake in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares during the last quarter. Thomasville National Bank boosted its holdings in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares in the last quarter. Castle Rock Wealth Management LLC grew its stake in shares of Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares during the last quarter. Finally, Resurgent Financial Advisors LLC grew its stake in shares of Mastercard by 1.2% in the third quarter. Resurgent Financial Advisors LLC now owns 1,597 shares of the credit services provider’s stock worth $908,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world’s first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here’s Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

Mastercard Stock Down 1.8%

Shares of Mastercard stock opened at $537.33 on Wednesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company’s 50 day moving average is $505.73 and its 200 day moving average is $515.35. The company has a market cap of $474.78 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.73.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.73 EPS. Research analysts anticipate that Mastercard Incorporated will post 19.62 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is presently 20.14%.

Analyst Ratings Changes

MA has been the subject of several recent analyst reports. Truist Financial lowered their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Clear Str raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada cut their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Finally, Raymond James Financial set a $609.00 target price on Mastercard in a research note on Friday, May 1st. Eight research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $653.92.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the sale, the insider owned 16,429 shares of the company’s stock, valued at approximately $8,702,934.17. This represents a 10.74% 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. Insiders sold 7,005 shares of company stock valued at $3,689,976 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

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.