Mastercard Incorporated $MA Shares Sold by Wesbanco Bank Inc.

by · The Markets Daily

Wesbanco Bank Inc. decreased its position in Mastercard Incorporated (NYSE:MA – Free Report) by 6.2% in the first quarter, HoldingsChannel.com reports. The fund owned 60,062 shares of the credit services provider’s stock after selling 3,958 shares during the period. Mastercard comprises approximately 0.8% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 22nd biggest holding. Wesbanco Bank Inc.’s holdings in Mastercard were worth $30,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Mastercard by 42.3% during the 4th 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 during the last quarter. Schnieders Capital Management LLC. raised its stake 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 worth $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC raised its stake in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Mastercard during the second quarter worth about $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 2.2%

Shares of MA opened at $499.71 on Friday. The company has a market capitalization of $441.54 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The stock’s 50-day moving average price is $496.99 and its 200-day moving average price is $519.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

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

Mastercard Announces Dividend

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

Trending Headlines about 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

Analysts Set New Price Targets

A number of equities research analysts recently commented on MA shares. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Morgan Stanley reissued an “overweight” rating and set a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Susquehanna decreased their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BNP Paribas Exane upgraded 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. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $656.08.

Read Our Latest Stock Analysis on MA

Mastercard Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).