Mastercard (NYSE:MA) Trading Down 0%

Mastercard Incorporated (NYSE:MA)’s share price fell 0% on Friday . The company traded as low as $444.27 and last traded at $448.03. 465,726 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 2,453,165 shares. The stock had previously closed at $448.18.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Barclays lowered their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. TD Cowen initiated coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Finally, Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Price Performance

The company’s 50-day moving average is $450.19 and its two-hundred day moving average is $453.55. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $417.21 billion, a P/E ratio of 35.61, a PEG ratio of 1.75 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.80 earnings per share. Sell-side analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Mastercard

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Mastercard during the 4th quarter valued at approximately $26,000. VitalStone Financial LLC lifted its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard in the 4th quarter worth $27,000. Westend Capital Management LLC bought a new position in shares of Mastercard in the 1st quarter worth $27,000. Finally, Palisade Asset Management LLC bought a new position in Mastercard during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.