First National Bank of Hutchinson Has $779,000 Stock Holdings in Mastercard Incorporated $MA

First National Bank of Hutchinson trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 45.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,560 shares of the credit services provider’s stock after selling 1,279 shares during the period. First National Bank of Hutchinson’s holdings in Mastercard were worth $779,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC increased its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares during the period. Betterment LLC lifted its holdings in shares of Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after acquiring an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at about $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Baird raised its price target on Mastercard to $680 from $660 and kept an “Outperform” rating, citing expectations for revenue growth acceleration in the coming quarters. Baird Raises PT on Mastercard (MA) Stock
• Positive Sentiment: Barclays initiated coverage on Mastercard with an “Overweight” rating and a $640 price target, reinforcing bullish sentiment around the stock. Barclays Initiates Mastercard (MA) Coverage at Overweight
• Positive Sentiment: Mastercard continues to expand partnerships and product usage, including RAKBANK strengthening its relationship with Mastercard, Kraken rolling out a Mastercard crypto debit card in the UK and Europe, and new consumer perks such as NordVPN access. RAKBANK and Mastercard strengthen strategic relationship to drive payments innovation
• Positive Sentiment: Mastercard’s shares have been trading higher recently as the company benefits from broader strength in financial stocks and a positive earnings backdrop from its last report.
• Neutral Sentiment: Mastercard is reportedly considering selling a majority stake in its UK payments subsidiary Vocalink, a move that could free up capital and reduce regulatory overhang, but it also raises questions about its long-term strategy in a key infrastructure asset. Mastercard examines sale of UK payments subsidiary Vocalink
• Neutral Sentiment: The House passed a bill that would restrict payment card networks from requiring firearm-related merchant category codes, which could create compliance changes for Mastercard, though the financial impact is still uncertain. Congress Vote: The House has passed H.R. 1181 – Protecting Privacy in Purchases Act
• Negative Sentiment: Citi ThankYou Mastercard losing JetBlue as a transfer partner could make that card less attractive to some consumers, potentially pressuring associated card economics and brand appeal. Citi ThankYou Mastercard Loses JetBlue as a Transfer Partner

Mastercard Trading Up 0.2%

Shares of Mastercard stock opened at $538.88 on Wednesday. The stock has a market capitalization of $476.14 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. 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 has a 50-day simple moving average of $501.15 and a 200 day simple moving average of $516.55. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $3.73 EPS. Research analysts expect that Mastercard Incorporated will post 19.62 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MA. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Robert W. Baird raised their price target on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada decreased their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Barclays began coverage on Mastercard in a report on Wednesday, July 8th. They issued an “overweight” rating and a $640.00 target price for the company. Finally, BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a research report on Thursday, March 19th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $653.78.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total value of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. The trade was a 22.71% decrease in their position. The sale was disclosed in a legal filing 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 Sandra A. Arkell sold 200 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Company 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.