Traders Sell Mastercard (MA) on Strength (MA)
Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading on Tuesday. $84.17 million flowed into the stock on the tick-up and $127.87 million flowed out of the stock on the tick-down, for a money net flow of $43.70 million out of the stock. Of all companies tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $1.62 for the day and closed at $152.50
A number of equities analysts have weighed in on the company. Sanford C. Bernstein restated a “buy” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a research note on Monday. Bank of America upped their target price on Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Cantor Fitzgerald restated a “buy” rating and issued a $165.00 target price on shares of Mastercard in a research note on Tuesday, October 31st. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Loop Capital upped their target price on Mastercard to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $159.69.
The company has a market cap of $161,445.95, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. equities research analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio is currently 20.47%.
Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $3,582,984 over the last 90 days. 0.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Glassman Wealth Services raised its position in shares of Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after acquiring an additional 18 shares in the last quarter. First Interstate Bank raised its position in shares of Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after acquiring an additional 23 shares in the last quarter. Finally, Lourd Capital LLC raised its position in shares of Mastercard by 0.5% in the 2nd quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.
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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