Mastercard (NYSE:MA) Shares Up 1.1%

Mastercard Incorporated (NYSE:MA) was up 1.1% during mid-day trading on Wednesday . The stock traded as high as $449.00 and last traded at $448.45. 392,455 shares traded hands during trading, a decline of 84% from the average daily volume of 2,467,482 shares. The stock had previously closed at $443.53.

Analysts Set New Price Targets

Several analysts have recently commented on MA shares. Barclays reduced their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Finally, Morgan Stanley decreased their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $498.13.

Mastercard Trading Down 0.9 %

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 business’s 50-day simple moving average is $448.74 and its two-hundred day simple moving average is $454.91. The stock has a market capitalization of $413.53 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.78 and a beta of 1.09.

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

Mastercard Announces Dividend

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 paid a $0.66 dividend. The ex-dividend date of this dividend 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 Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the sale, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,052,228 shares of company stock valued at $1,377,797,220. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of institutional investors have recently made changes to their positions in MA. Hoxton Planning & Management LLC increased its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after buying an additional 23 shares in the last quarter. Benin Management CORP lifted its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC raised its position in shares of Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 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.