Mastercard (NYSE:MA) Shares Down 0%

Shares of Mastercard Incorporated (NYSE:MA) dropped 0% during trading on Thursday . The stock traded as low as $493.00 and last traded at $495.42. Approximately 322,137 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,454,166 shares. The stock had previously closed at $495.57.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Barclays upped their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Royal Bank of Canada raised their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America raised their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. 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, Mastercard has an average rating of “Moderate Buy” and an average price target of $517.22.

Mastercard Price Performance

The firm’s 50 day moving average is $474.05 and its 200 day moving average is $462.24. The firm has a market cap of $459.54 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Several large investors have recently added to or reduced their stakes in the stock. Unique Wealth LLC boosted its holdings in Mastercard by 18.6% in the 3rd quarter. Unique Wealth LLC now owns 3,406 shares of the credit services provider’s stock valued at $1,682,000 after purchasing an additional 533 shares during the last quarter. Czech National Bank increased its stake in Mastercard by 7.4% during the third quarter. Czech National Bank now owns 167,963 shares of the credit services provider’s stock worth $82,940,000 after acquiring an additional 11,513 shares during the last quarter. Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. Boltwood Capital Management grew its position in Mastercard by 3.1% in the 3rd quarter. Boltwood Capital Management now owns 2,035 shares of the credit services provider’s stock valued at $1,005,000 after acquiring an additional 61 shares in the last quarter. Finally, Trust Co of the South acquired a new stake in shares of Mastercard during the 3rd quarter worth about $448,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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.