Mastercard Incorporated (NYSE:MA) insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mastercard Incorporated (MA) traded up $1.91 during trading on Thursday, reaching $153.82. The company’s stock had a trading volume of 3,732,400 shares, compared to its average volume of 3,450,650. Mastercard Incorporated has a 1 year low of $104.01 and a 1 year high of $154.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $165,170.00, a PE ratio of 35.86, a PEG ratio of 1.72 and a beta of 1.21.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.
Mastercard declared that its board has initiated a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is currently 20.51%.
A number of research firms have recently weighed in on MA. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday. Royal Bank of Canada downgraded Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a report on Thursday. Cantor Fitzgerald assumed coverage on Mastercard in a research report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target on the stock. Mizuho restated a “hold” rating and issued a $140.00 price target on shares of Mastercard in a research report on Thursday, October 12th. Finally, KeyCorp restated a “buy” rating and issued a $150.00 price target on shares of Mastercard in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $159.05.
Institutional investors have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard during the third quarter worth about $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Mastercard during the third quarter worth about $106,000. Thompson Davis & CO. Inc. grew its holdings 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 worth $105,000 after purchasing an additional 546 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Mastercard during the third quarter worth about $131,000. Hedge funds and other institutional investors own 75.57% of the company’s stock.
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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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