Mastercard Incorporated (NYSE:MA - Get Free Report) insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mastercard Stock Performance
NYSE MA traded up $8.13 during trading hours on Monday, reaching $543.82. The stock had a trading volume of 2,758,245 shares, compared to its average volume of 2,377,777. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $495.81 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock has a fifty day moving average of $547.55 and a 200 day moving average of $524.95.
Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.
Mastercard declared that its board has initiated a stock buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Mastercard Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard's dividend payout ratio (DPR) is currently 21.89%.
Institutional Trading of Mastercard
Several institutional investors have recently modified their holdings of MA. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard during the fourth quarter worth about $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.
Wall Street Analyst Weigh In
MA has been the subject of several recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Oppenheimer reduced their target price on Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. UBS Group upped their price target on Mastercard from $600.00 to $660.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed an "outperform" rating and set a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $606.11.
View Our Latest Analysis on Mastercard
About Mastercard
(
Get Free Report)
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.
Further Reading
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