Mastercard Incorporated (NYSE:MA - Get Free Report)'s share price was up 0.2% during mid-day trading on Friday . The company traded as high as $515.99 and last traded at $514.70. Approximately 620,297 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 2,433,066 shares. The stock had previously closed at $513.76.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on MA shares. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $591.00 price target on the stock. Compass Point initiated coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $525.00 price target on the stock. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, Bank of America lifted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $524.64.
Check Out Our Latest Stock Analysis on MA
Mastercard Price Performance
The company's 50 day moving average price is $485.71 and its 200-day moving average price is $463.95. The company has a market cap of $480.10 billion, a price-to-earnings ratio of 40.91, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.
Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard's dividend payout ratio is currently 20.99%.
Insider Transactions at Mastercard
In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company's stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last quarter. Insiders own 0.10% of the company's stock.
Institutional Trading of Mastercard
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider's stock worth $36,399,279,000 after purchasing an additional 330,872 shares during the period. Capital Research Global Investors boosted its holdings in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider's stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider's stock worth $2,241,297,000 after purchasing an additional 71,569 shares during the period. Canada Pension Plan Investment Board lifted its stake in Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider's stock valued at $1,908,973,000 after acquiring an additional 113,238 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Mastercard by 0.9% in the second quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider's stock valued at $1,875,266,000 after acquiring an additional 38,380 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Company Profile
(
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.
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