Mastercard (NYSE:MA) Stock Price Up 0.5%

Shares of Mastercard Incorporated (NYSE:MA) traded up 0.5% during mid-day trading on Monday . The company traded as high as $485.74 and last traded at $483.34. 2,982,100 shares changed hands during trading, an increase of 22% from the average session volume of 2,451,811 shares. The stock had previously closed at $480.80.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI dropped their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.26.

Mastercard Stock Down 0.2 %

The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $445.58 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The stock has a fifty day moving average price of $454.26 and a 200 day moving average price of $459.24.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 113,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the sale, the insider now owns 93,446,308 shares of the company’s stock, valued at approximately $41,849,929,037.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 113,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $447.85, for a total value of $50,607,050.00. Following the transaction, the insider now owns 93,446,308 shares of the company’s stock, valued at $41,849,929,037.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,282,931 shares of company stock worth $583,107,432. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MA. Intech Investment Management LLC boosted its holdings in shares of Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after purchasing an additional 3,306 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Mastercard by 0.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 62,553 shares of the credit services provider’s stock worth $26,680,000 after acquiring an additional 438 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Mastercard by 6.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares in the last quarter. Finally, NEOS Investment Management LLC grew its holdings in shares of Mastercard by 42.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

About Mastercard

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.