Investors Buy Shares of Mastercard Incorporated (MA) on Weakness
Traders bought shares of Mastercard Incorporated (NYSE:MA) on weakness during trading on Monday. $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 equities research analysts recently commented on MA shares. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price target (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Mastercard in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $147.00 price target (up previously from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. Finally, Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price target for the company. in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average price target of $128.20.
The stock’s 50-day moving average price is $130.52 and its 200-day moving average price is $120.18. The company has a market capitalization of $141.89 billion, a PE ratio of 33.06 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio is currently 21.78%.
In other news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its stake in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares in the last quarter. American Beacon Advisors Inc. acquired a new stake in shares of Mastercard during the first quarter valued at about $100,000. Proficio Capital Partners LLC grew its stake in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares in the last quarter. Lipe & Dalton acquired a new stake in shares of Mastercard during the first quarter valued at about $101,000. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
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Mastercard Company Profile
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.