Investors Sell Shares of Mastercard Incorporated (MA) on Strength (MA)
Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Monday. $58.32 million flowed into the stock on the tick-up and $90.15 million flowed out of the stock on the tick-down, for a money net flow of $31.83 million out of the stock. Of all equities tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $0.62 for the day and closed at $141.82
Several research firms have weighed in on MA. Wedbush reiterated an “outperform” rating and issued a $129.00 price target (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reissued a “top pick” rating and set a $130.00 price objective on shares of Mastercard in a research report on Friday, June 16th. Citigroup Inc. upped their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Mizuho began coverage on Mastercard in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $143.08.
The firm’s 50-day moving average price is $137.09 and its 200-day moving average price is $124.74. The firm has a market capitalization of $151.18 billion, a PE ratio of 35.23 and a beta of 1.18.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post $4.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 869,668 shares of company stock worth $112,301,656 in the last 90 days. 0.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. State Street Corp lifted its stake in Mastercard by 0.4% in the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after purchasing an additional 140,515 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. Hedge funds and other institutional investors own 76.05% of the company’s stock.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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