Traders Sell Mastercard (MA) on Strength (MA)

Investors sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Wednesday. $93.52 million flowed into the stock on the tick-up and $128.26 million flowed out of the stock on the tick-down, for a money net flow of $34.74 million out of the stock. Of all stocks tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $2.29 for the day and closed at $147.42

MA has been the subject of several recent analyst reports. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. Instinet reiterated a “buy” rating and issued a $163.00 price target (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. Oppenheimer reiterated a “buy” rating and issued a $145.00 price target on shares of Mastercard in a research report on Friday, September 8th. Nomura upped their price target on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Cowen reiterated a “buy” rating and issued a $137.00 price target on shares of Mastercard in a research report on Friday, September 8th. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $159.22.

The firm has a market capitalization of $151,843.88, a PE ratio of 33.28, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. equities research analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is 20.47%.

Mastercard declared that its board has authorized a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the period. State Street Corp raised its holdings in Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the period. Janus Henderson Group PLC raised its holdings in Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the period. Capital Research Global Investors raised its holdings in Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after buying an additional 1,729,179 shares during the period. Finally, Capital World Investors raised its holdings in Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the period. Institutional investors and hedge funds own 75.81% of the company’s stock.

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Mastercard Company Profile

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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