Mastercard (NYSE:MA) Trading Up 1.5% – What’s Next?

Mastercard Incorporated (NYSE:MA)’s stock price was up 1.5% during mid-day trading on Wednesday . The company traded as high as $513.82 and last traded at $513.82. Approximately 881,094 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,418,300 shares. The stock had previously closed at $506.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MA shares. Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. dropped their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday. Piper Sandler reissued an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a report on Friday. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $536.74.

Mastercard Trading Up 2.0 %

The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day simple moving average of $494.93 and a 200 day simple moving average of $466.50. The company has a market cap of $470.62 billion, a P/E ratio of 38.93, a P/E/G ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.39 EPS. Analysts anticipate that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.18%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Mastercard

Several large investors have recently added to or reduced their stakes in MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.