Mastercard (NYSE:MA) Stock Price Down 0.1% – Here’s Why

Mastercard Incorporated (NYSE:MA)’s stock price dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $504.20 and last traded at $505.14. Approximately 272,969 shares changed hands during trading, a decline of 89% from the average daily volume of 2,438,692 shares. The stock had previously closed at $505.58.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Royal Bank of Canada increased their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley upped their price objective on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Stock Down 0.1 %

The company has a market cap of $466.49 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a fifty day moving average of $496.51 and a two-hundred day moving average of $467.30. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 earnings per share. As a group, analysts anticipate that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mastercard

Several hedge funds have recently modified their holdings of MA. Highline Wealth Partners LLC purchased a new stake in Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the second quarter worth $34,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter worth about $39,000. Fairway Wealth LLC acquired a new stake in Mastercard in the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.