Shares of Mastercard Incorporated (NYSE:MA - Get Free Report) fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $510.57 and last traded at $510.57. 423,668 shares changed hands during trading, a decline of 83% from the average session volume of 2,431,886 shares. The stock had previously closed at $515.01.
Analyst Ratings Changes
A number of analysts have weighed in on MA shares. Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Argus upgraded Mastercard to a "strong-buy" rating in a research note on Thursday, August 1st. Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an "outperform" rating for the company in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mastercard from $570.00 to $593.00 and gave the company an "overweight" rating in a report on Monday. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $525.68.
Get Our Latest Stock Report on MA
Mastercard Stock Down 0.4 %
The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $476.91 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 2.22 and a beta of 1.10. The business's 50-day moving average is $489.16 and its 200-day moving average is $464.58.
Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. As a group, equities analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.
Mastercard Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is 20.99%.
Insider Buying and Selling
In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The shares were 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 directly owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company's stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company's stock.
Institutional Investors Weigh In On Mastercard
Several institutional investors have recently bought and sold shares of the company. McAdam LLC grew its holdings in shares of Mastercard by 19.6% during the third quarter. McAdam LLC now owns 1,174 shares of the credit services provider's stock worth $580,000 after buying an additional 192 shares in the last quarter. RAM Investment Partners LLC grew its stake in Mastercard by 2.9% during the 3rd quarter. RAM Investment Partners LLC now owns 974 shares of the credit services provider's stock valued at $481,000 after acquiring an additional 27 shares in the last quarter. Fulcrum Capital LLC grew its stake in Mastercard by 0.4% during the 3rd quarter. Fulcrum Capital LLC now owns 29,495 shares of the credit services provider's stock valued at $14,565,000 after acquiring an additional 115 shares in the last quarter. Wallington Asset Management LLC acquired a new stake in Mastercard in the 3rd quarter valued at about $251,000. Finally, Sterling Investment Counsel LLC lifted its stake in Mastercard by 37.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 1,609 shares of the credit services provider's stock worth $795,000 after purchasing an additional 441 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
About Mastercard
(
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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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