Traders Buy Shares of Mastercard Incorporated (MA) on Weakness
Investors purchased shares of Mastercard Incorporated (NYSE:MA) on weakness during trading on Friday. $78.81 million flowed into the stock on the tick-up and $45.90 million flowed out of the stock on the tick-down, for a money net flow of $32.91 million into the stock. Of all stocks tracked, Mastercard had the 10th highest net in-flow for the day. Mastercard traded down ($0.06) for the day and closed at $133.24
Several research analysts recently weighed in on MA shares. Deutsche Bank AG restated a “buy” rating and set a $124.00 price target on shares of Mastercard in a research report on Thursday, May 25th. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Citigroup Inc. upped their price target on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Wednesday, July 5th. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of Mastercard in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $128.20.
The company has a market capitalization of $141.89 billion, a PE ratio of 33.06 and a beta of 1.18. The firm has a 50-day moving average price of $130.52 and a 200-day moving average price of $120.18.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts expect that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is 21.78%.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 in the last ninety days. 0.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of MA. Boys Arnold & Co. Inc. raised its position in shares of Mastercard by 8.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,643 shares of the credit services provider’s stock valued at $522,000 after buying an additional 354 shares during the period. Johanson Financial Advisors Inc. acquired a new stake in Mastercard during the first quarter valued at about $2,232,000. Oakbrook Investments LLC increased its stake in Mastercard by 2.5% in the first quarter. Oakbrook Investments LLC now owns 57,580 shares of the credit services provider’s stock valued at $6,476,000 after buying an additional 1,425 shares in the last quarter. Rothschild Investment Corp IL increased its stake in Mastercard by 315.1% in the first quarter. Rothschild Investment Corp IL now owns 19,595 shares of the credit services provider’s stock valued at $2,204,000 after buying an additional 14,875 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Mastercard during the first quarter valued at about $1,463,000. 76.10% of the stock is owned by hedge funds and other institutional investors.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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