Cane Capital Partners LLC Has $1.28 Million Stake in Mastercard Incorporated $MA

Cane Capital Partners LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 153.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,568 shares of the credit services provider’s stock after purchasing an additional 1,554 shares during the period. Cane Capital Partners LLC’s holdings in Mastercard were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the last quarter. Betterment LLC boosted its holdings in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of 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 buying an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard during the second quarter worth $431,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on MA shares. BMO Capital Markets began coverage on shares of Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a report on Thursday, March 19th. UBS Group reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Truist Financial reduced their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus target price of $653.81.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was upgraded by Piper Sandler to strong-buy, signaling improved analyst sentiment and supporting the stock. The Fly report on Piper Sandler upgrade
• Positive Sentiment: Mastercard is being mentioned as part of the new Open USD stablecoin consortium, which could strengthen its position in digital payments and cross-border settlement if adoption grows. Open USD consortium article
• Positive Sentiment: Mastercard announced a new cybersecurity centre in Africa, a move that highlights investment in payment security and could support long-term network trust and adoption. Mastercard cybersecurity centre article
• Neutral Sentiment: A commentary piece questioned whether Mastercard trades at a premium valuation despite stablecoin-related developments, but it did not introduce a new fundamental catalyst.
• Neutral Sentiment: A separate review of a Citi AAdvantage Mastercard credit card is consumer-oriented and not likely to materially affect Mastercard’s earnings outlook. CNBC Citi AAdvantage Globe Mastercard review

Mastercard Price Performance

Shares of MA opened at $522.60 on Thursday. The company’s 50-day moving average is $496.78 and its 200-day moving average is $519.05. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $461.76 billion, a PE ratio of 30.24, a PEG ratio of 1.60 and a beta of 0.73. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping 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 business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm posted $3.73 EPS. Mastercard’s revenue was up 15.8% compared to the same quarter last year. Equities analysts forecast 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 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 payout ratio is currently 20.14%.

Mastercard 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.