Mastercard (NYSE:MA) Shares Up 1.6% – Here’s What Happened

Mastercard Incorporated (NYSE:MA)’s share price was up 1.6% on Monday . The stock traded as high as $534.03 and last traded at $532.90. Approximately 365,102 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,442,097 shares. The stock had previously closed at $524.76.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MA shares. JPMorgan Chase & Co. lowered their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Macquarie lifted their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and set a $565.00 price objective (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. Finally, Citigroup upped their price target on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Trading Down 1.4 %

The company’s 50-day moving average is $501.55 and its 200-day moving average is $469.88. The stock has a market capitalization of $478.65 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the firm earned $3.39 EPS. Mastercard’s revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Mastercard

A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Sarasin & Partners LLP raised its holdings in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Principal Financial Group Inc. increased its stake in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Mastercard during the first quarter worth about $608,000. SteelPeak Wealth LLC lifted its holdings in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Finally, OMC Financial Services LTD acquired a new stake in Mastercard in the first quarter valued at $17,854,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

About Mastercard

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.