Mastercard (NYSE:MA) Trading Down 0%

Mastercard Incorporated (NYSE:MA)’s share price was down 0% on Monday . The stock traded as low as $435.42 and last traded at $437.99. Approximately 444,462 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 2,477,097 shares. The stock had previously closed at $438.18.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MA shares. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. TD Cowen began coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Piper Sandler began coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Mizuho dropped their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Robert W. Baird increased their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $501.23.

Mastercard Trading Up 1.0 %

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business’s fifty day simple moving average is $446.50 and its two-hundred day simple moving average is $456.08. The stock has a market capitalization of $411.55 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.73 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 14.25 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,720,228 shares of company stock valued at $1,224,758,080. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

A number of hedge funds have recently made changes to their positions in the company. Hoxton Planning & Management LLC increased its stake in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP grew its position in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares during the period. Atticus Wealth Management LLC grew its position in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC grew its position in Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.