Investors Sell Shares of MasterCard Inc. (MA) on Strength (MA)
Traders sold shares of MasterCard Inc. (NYSE:MA) on strength during trading hours on Tuesday. $46.90 million flowed into the stock on the tick-up and $72.29 million flowed out of the stock on the tick-down, for a money net flow of $25.39 million out of the stock. Of all equities tracked, MasterCard had the 0th highest net out-flow for the day. MasterCard traded up $0.18 for the day and closed at $95.25
A number of equities analysts have recently issued reports on the company. Robert W. Baird restated a “buy” rating on shares of MasterCard in a research note on Sunday, April 17th. Morgan Stanley restated a “buy” rating on shares of MasterCard in a research note on Saturday, April 30th. Wedbush raised their price target on MasterCard from $92.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 29th. Zacks Investment Research upgraded MasterCard from a “sell” rating to a “hold” rating in a research note on Monday, April 18th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of MasterCard in a research report on Monday, July 11th. Five analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $108.28.
The stock’s 50 day moving average price is $92.06 and its 200 day moving average price is $92.01. The stock has a market capitalization of $104.56 billion and a PE ratio of 27.94.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. Equities research analysts expect that MasterCard Inc. will post $3.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $0.76 dividend on an annualized basis and a yield of 0.80%.
In other news, insider Andrea L. Forster sold 13,480 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $97.02, for a total transaction of $1,307,829.60. Following the completion of the sale, the insider now owns 26,071 shares in the company, valued at approximately $2,529,408.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the sale, the insider now owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in MA. Twin Capital Management Inc. increased its stake in shares of MasterCard by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 23,980 shares of the company’s stock worth $2,335,000 after buying an additional 130 shares in the last quarter. Alley Co LLC increased its stake in shares of MasterCard by 0.6% in the fourth quarter. Alley Co LLC now owns 28,931 shares of the company’s stock worth $2,817,000 after buying an additional 170 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of MasterCard by 3.2% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 13,855 shares of the company’s stock worth $1,349,000 after buying an additional 425 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of MasterCard by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 23,888 shares of the company’s stock worth $2,326,000 after buying an additional 444 shares in the last quarter. Finally, Kuntz Lesher Capital LLC increased its stake in shares of MasterCard by 0.8% in the fourth quarter. Kuntz Lesher Capital LLC now owns 70,596 shares of the company’s stock worth $6,873,000 after buying an additional 534 shares in the last quarter.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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