Traders Sell MasterCard Inc. (MA) on Strength (MA)
Investors sold shares of MasterCard Inc. (NYSE:MA) on strength during trading hours on Wednesday. $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 equities analysts have recently weighed in on MA shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $108.00 target price on shares of MasterCard in a report on Monday, June 6th. Sterne Agee CRT reaffirmed a “buy” rating on shares of MasterCard in a report on Monday, May 16th. Vetr raised shares of MasterCard from a “sell” rating to a “buy” rating and set a $94.47 target price for the company in a report on Monday, June 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 target price on shares of MasterCard in a report on Saturday, July 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $115.00 target price on shares of MasterCard in a report on Monday, July 25th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $108.28.
The stock has a 50 day moving average price of $94.90 and a 200 day moving average price of $93.56. The firm has a market cap of $106.07 billion and a P/E ratio of 28.35.
MasterCard (NYSE:MA) last announced 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. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that MasterCard Inc. will post $3.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, July 6th.
In related news, major shareholder Foundation Mastercard sold 56,016 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the sale, the insider now owns 114,644,971 shares of the company’s stock, valued at $11,066,679,050.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 94,345 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the sale, the chief financial officer now directly owns 214,968 shares in the company, valued at approximately $20,813,201.76. The disclosure for this sale can be found here.
A number of hedge funds have modified their holdings of MA. Bbva Compass Bancshares Inc. raised its stake in shares of MasterCard by 130.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 12,492 shares of the company’s stock worth $1,216,000 after buying an additional 7,077 shares during the last quarter. Stephens Inc. AR raised its stake in shares of MasterCard by 4.2% in the fourth quarter. Stephens Inc. AR now owns 35,569 shares of the company’s stock worth $3,463,000 after buying an additional 1,433 shares during the last quarter. Birch Hill Investment Advisors LLC raised its stake in shares of MasterCard by 3.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 77,910 shares of the company’s stock worth $7,585,000 after buying an additional 2,575 shares during the last quarter. Crestwood Capital Management L.P. acquired a new stake in shares of MasterCard during the fourth quarter worth about $7,594,000. Finally, KBC Group NV raised its stake in shares of MasterCard by 6.1% in the fourth quarter. KBC Group NV now owns 203,981 shares of the company’s stock worth $19,860,000 after buying an additional 11,648 shares during 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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