Mastercard (NYSE:MA) Trading Up 0.3%

Mastercard Incorporated (NYSE:MA)’s share price shot up 0.3% during trading on Tuesday . The company traded as high as $497.26 and last traded at $495.25. 710,868 shares were traded during mid-day trading, a decline of 71% from the average session volume of 2,453,498 shares. The stock had previously closed at $493.80.

Analyst Ratings Changes

MA has been the subject of several research reports. Barclays upped their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Evercore ISI decreased their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, KeyCorp boosted their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $517.22.

Mastercard Stock Up 0.7 %

The firm has a 50 day moving average of $471.70 and a two-hundred day moving average of $461.86. The stock has a market capitalization of $462.20 billion, a PE ratio of 39.37, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction 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. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mattson Financial Services LLC acquired a new position in Mastercard during the second quarter worth approximately $1,080,000. Passive Capital Management LLC. increased its holdings in shares of Mastercard by 10.0% during the 2nd quarter. Passive Capital Management LLC. now owns 464 shares of the credit services provider’s stock worth $205,000 after buying an additional 42 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Mastercard by 12.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,762,800 shares of the credit services provider’s stock worth $777,677,000 after buying an additional 193,733 shares during the period. SS&H Financial Advisors Inc. boosted its holdings in Mastercard by 65.0% in the second quarter. SS&H Financial Advisors Inc. now owns 2,954 shares of the credit services provider’s stock valued at $1,303,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new stake in Mastercard during the second quarter valued at about $213,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.