Mastercard (NYSE:MA) Stock Price Up 0.2% – What’s Next?

Mastercard Incorporated (NYSE:MA)’s share price rose 0.2% during trading on Friday . The company traded as high as $514.73 and last traded at $511.81. Approximately 308,343 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,422,789 shares. The stock had previously closed at $510.62.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. TD Cowen boosted their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America boosted their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Trading Down 0.6 %

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 firm’s 50-day simple moving average is $491.07 and its 200 day simple moving average is $465.24. The stock has a market capitalization of $469.03 billion, a P/E ratio of 38.86, a PEG ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm 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%. Equities research analysts anticipate that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is presently 20.18%.

Insiders Place Their Bets

In other Mastercard news, 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 owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Several large investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its stake in shares of Mastercard by 0.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 6,417 shares of the credit services provider’s stock valued at $3,169,000 after buying an additional 24 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Mastercard by 3.5% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 3,706 shares of the credit services provider’s stock valued at $1,830,000 after buying an additional 127 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Mastercard by 11.0% in the 3rd quarter. Fortitude Family Office LLC now owns 636 shares of the credit services provider’s stock valued at $314,000 after buying an additional 63 shares in the last quarter. Gibraltar Capital Management Inc. grew its stake in shares of Mastercard by 0.6% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 21,547 shares of the credit services provider’s stock valued at $10,640,000 after buying an additional 124 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its stake in shares of Mastercard by 14.6% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 14,834 shares of the credit services provider’s stock valued at $7,325,000 after buying an additional 1,893 shares in the last quarter. Institutional investors 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.