Canoe Financial LP Has $151.29 Million Holdings in Mastercard Incorporated $MA

Key Points

• Canoe Financial LP reduced its Mastercard stake by 3.1% in the first quarter, selling 9,700 shares and leaving it with 302,781 shares valued at about $151.3 million. Mastercard remains one of the fund’s larger holdings, representing 2.1% of its portfolio.
• Mastercard posted strong quarterly results, with earnings of $4.60 per share beating estimates and revenue rising 15.8% year over year to $8.40 billion. Analysts expect the company to earn 19.6 EPS for the full year.
• The company also declared a quarterly dividend of $0.87 per share, payable August 7 to shareholders of record on July 9. That works out to an annualized dividend of $3.48 and a yield of 0.7%.

Canoe Financial LP lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 302,781 shares of the credit services provider's stock after selling 9,700 shares during the period. Mastercard comprises 2.1% of Canoe Financial LP's holdings, making the stock its 20th biggest holding. Canoe Financial LP's holdings in Mastercard were worth $151,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. Vanguard Group Inc. grew its position in Mastercard by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider's stock worth $45,612,087,000 after acquiring an additional 466,514 shares during the last quarter. J. Stern & Co. LLP raised its position in Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider's stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. State Street Corp raised its position in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock valued at $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider's stock valued at $11,773,153,000 after purchasing an additional 349,369 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Mastercard by 4.4% during the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider's stock valued at $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA opened at $499.71 on Monday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. 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 company has a market capitalization of $441.54 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.56 and a beta of 0.74. The business has a 50-day moving average of $496.99 and a 200-day moving average of $519.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the firm earned $3.73 earnings per share. The firm's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given 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 0.7%. Mastercard's payout ratio is 20.14%.

Mastercard News Summary

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

MA has been the subject of several recent research reports. BNP Paribas Exane raised Mastercard from a "neutral" rating to an "outperform" rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Susquehanna dropped their price objective on shares of Mastercard from $670.00 to $665.00 and set a "positive" rating for the company in a report on Friday, May 1st. 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 report on Tuesday, May 12th. Royal Bank Of Canada reduced their target price 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. Finally, Evercore restated a "negative" rating on shares of Mastercard in a research report on Tuesday, March 17th. Six research 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, the stock has a consensus rating of "Buy" and a consensus price target of $656.08.

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.

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