Mastercard Incorporated (NYSE:MA – Get Free Report)’s share price traded up 0.1% on Monday . The stock traded as high as $494.99 and last traded at $494.01. 533,529 shares were traded during trading, a decline of 78% from the average session volume of 2,450,379 shares. The stock had previously closed at $493.64.
Analyst Ratings Changes
MA has been the subject of a number of analyst reports. Susquehanna boosted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Piper Sandler upped their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. KeyCorp increased their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America raised their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $513.70.
Mastercard Stock Performance
The company has a fifty day moving average price of $470.79 and a two-hundred day moving average price of $461.76. The firm has a market cap of $458.21 billion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. As a group, equities research analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 20.99%.
Insider Activity at Mastercard
In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last ninety days. 0.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. VitalStone Financial LLC lifted its position in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC bought a new stake in Mastercard in the first quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $30,000. 97.28% of the stock is currently 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.