Investors Sell MasterCard Inc. (MA) on Strength (MA)
Traders sold shares of MasterCard Inc. (NYSE:MA) on strength during trading on Tuesday. $34.13 million flowed into the stock on the tick-up and $54.32 million flowed out of the stock on the tick-down, for a money net flow of $20.19 million out of the stock. Of all equities tracked, MasterCard had the 0th highest net out-flow for the day. MasterCard traded up $0.31 for the day and closed at $97.09
Several analysts recently commented on MA shares. BMO Capital Markets reaffirmed a “buy” rating on shares of MasterCard in a research note on Monday, July 11th. Robert W. Baird reaffirmed a “buy” rating on shares of MasterCard in a research note on Monday, May 16th. Barclays PLC raised their price objective on MasterCard from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Vetr raised MasterCard from a “sell” rating to a “buy” rating and set a $94.47 price objective on the stock in a research note on Monday, June 27th. Finally, JPMorgan Chase & Co. raised their price objective on MasterCard from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Six analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. MasterCard presently has a consensus rating of “Buy” and an average price target of $108.28.
The company’s 50-day moving average is $94.72 and its 200 day moving average is $93.54. The stock has a market capitalization of $106.58 billion and a price-to-earnings ratio of 28.48.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts anticipate that MasterCard Inc. will post $3.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Friday, July 8th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, July 6th.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the transaction, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of the company. Magellan Asset Management Ltd raised its position in MasterCard by 2.8% in the fourth quarter. Magellan Asset Management Ltd now owns 7,107,206 shares of the company’s stock worth $691,958,000 after buying an additional 192,987 shares in the last quarter. Dimensional Fund Advisors LP raised its position in MasterCard by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,999,475 shares of the company’s stock worth $194,690,000 after buying an additional 148,682 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in MasterCard by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,564,811 shares of the company’s stock worth $249,710,000 after buying an additional 84,959 shares in the last quarter. Crestwood Capital Management L.P. acquired a new position in MasterCard during the fourth quarter worth about $7,594,000. Finally, I.G. Investment Management LTD. raised its position in MasterCard by 5.7% in the fourth quarter. I.G. Investment Management LTD. now owns 764,742 shares of the company’s stock worth $74,455,000 after buying an additional 41,463 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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