Mastercard (NYSE:MA) Stock Price Down 0.7%

Mastercard Incorporated (NYSE:MA) shares were down 0.7% during trading on Thursday . The company traded as low as $483.00 and last traded at $484.79. Approximately 395,608 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 2,431,744 shares. The stock had previously closed at $488.18.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MA shares. Barclays raised their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup lifted their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Stock Up 0.3 %

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market cap of $458.63 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a fifty day moving average of $460.67 and a 200 day moving average of $460.41.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 107,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $445.98, for a total value of $47,719,860.00. Following the transaction, the insider now directly owns 92,891,308 shares in the company, valued at $41,427,665,541.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 827,467 shares of company stock valued at $379,595,815. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC lifted its position in shares of Mastercard by 15.6% in the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after buying an additional 3,306 shares in the last quarter. Brevan Howard Capital Management LP raised its position in Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after purchasing an additional 5,756 shares during the period. Banque Cantonale Vaudoise raised its position in Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares during the period. NEOS Investment Management LLC raised its position in Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the period. Finally, Morningstar Investment Services LLC raised its position in Mastercard by 96.8% during the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after purchasing an additional 292,064 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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.