Mastercard (NYSE:MA) Trading Down 0%

Mastercard Incorporated (NYSE:MA) shares traded down 0% during trading on Monday . The stock traded as low as $435.42 and last traded at $437.99. 444,462 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,477,097 shares. The stock had previously closed at $438.18.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho reduced their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and reduced their target price for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $501.23.

Mastercard Stock Up 1.0 %

The company has a market cap of $411.55 billion, a PE ratio of 34.82, a P/E/G ratio of 1.73 and a beta of 1.09. The business has a 50-day simple moving average of $446.50 and a 200-day simple moving average of $456.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 14.25 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,720,228 shares of company stock valued at $1,224,758,080. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MA. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth about $4,595,559,000. International Assets Investment Management LLC boosted its position in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after acquiring an additional 2,929,940 shares in the last quarter. Swedbank AB acquired a new position in shares of Mastercard during the 1st quarter worth about $660,652,000. PineStone Asset Management Inc. boosted its position in shares of Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Company Profile

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.