Mastercard (NYSE:MA) Trading Down 0%

Shares of Mastercard Incorporated (NYSE:MA) fell 0% during trading on Monday . The company traded as low as $435.42 and last traded at $437.99. 444,462 shares were traded during trading, a decline of 82% from the average session volume of 2,477,097 shares. The stock had previously closed at $438.18.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MA shares. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Mizuho reduced their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.23.

Mastercard Stock Performance

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business’s 50 day moving average is $445.90 and its two-hundred day moving average is $456.31. The company has a market cap of $415.95 billion, a PE ratio of 35.57, a PEG ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.80 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.25 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00. Following the sale, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,604,228 shares of company stock valued at $1,173,133,440. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Mastercard

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cross Staff Investments Inc lifted its stake in Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 33 shares during the last quarter. Fortune Financial Advisors LLC boosted its holdings in Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock valued at $3,350,000 after acquiring an additional 339 shares during the period. Intech Investment Management LLC grew its position in Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after acquiring an additional 3,306 shares during the last quarter. Finally, Dearborn Partners LLC increased its stake in Mastercard by 8.9% in the fourth quarter. Dearborn Partners LLC now owns 109,161 shares of the credit services provider’s stock worth $46,558,000 after purchasing an additional 8,955 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.