Investors Sell Mastercard (MA) on Strength (MA)

Traders sold shares of Mastercard Inc (NYSE:MA) on strength during trading on Wednesday. $130.61 million flowed into the stock on the tick-up and $189.88 million flowed out of the stock on the tick-down, for a money net flow of $59.27 million out of the stock. Of all companies tracked, Mastercard had the 17th highest net out-flow for the day. Mastercard traded up $0.14 for the day and closed at $222.26

Several analysts have commented on MA shares. SunTrust Banks upped their price objective on Mastercard to $240.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Wolfe Research started coverage on Mastercard in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. JPMorgan Chase & Co. upped their price objective on Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Buckingham Research upped their price objective on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Finally, Loop Capital upped their price objective on Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $208.56.

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $229.86 billion, a PE ratio of 48.53, a P/E/G ratio of 1.82 and a beta of 1.19.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. research analysts expect that Mastercard Inc will post 6.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s payout ratio is 21.83%.

In related news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the sale, the chief financial officer now owns 128,905 shares in the company, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MA. Federated Investors Inc. PA grew its position in Mastercard by 9.3% during the first quarter. Federated Investors Inc. PA now owns 767,139 shares of the credit services provider’s stock valued at $134,372,000 after buying an additional 64,977 shares during the period. Cetera Advisors LLC grew its position in Mastercard by 10.3% during the first quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock valued at $510,000 after buying an additional 272 shares during the period. Cetera Investment Advisers grew its position in Mastercard by 7.2% during the first quarter. Cetera Investment Advisers now owns 8,434 shares of the credit services provider’s stock valued at $1,488,000 after buying an additional 566 shares during the period. Candriam Luxembourg S.C.A. grew its position in Mastercard by 17.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 113,855 shares of the credit services provider’s stock valued at $19,943,000 after buying an additional 16,970 shares during the period. Finally, Sather Financial Group Inc grew its position in Mastercard by 0.4% during the first quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock valued at $10,718,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 74.32% of the company’s stock.

About Mastercard (NYSE:MA)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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