Mastercard Inc (NYSE:MA) Short Interest Update

Mastercard Inc (NYSE:MA) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,936,700 shares, a drop of 21.6% from the May 30th total of 6,295,100 shares. Based on an average daily trading volume, of 3,510,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short.

NYSE:MA traded up $2.94 during trading hours on Thursday, hitting $278.32. 2,551,649 shares of the company’s stock traded hands, compared to its average volume of 3,516,464. The company has a market cap of $282.71 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 2.15 and a beta of 1.08. Mastercard has a 52 week low of $171.89 and a 52 week high of $278.65. The company has a fifty day moving average of $261.72. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. As a group, equities research analysts anticipate that Mastercard will post 7.6 earnings per share for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio is 20.34%.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 8,314 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The disclosure for this sale can be found here. Insiders sold 366,221 shares of company stock valued at $92,047,063 over the last three months. Company insiders own 0.32% of the company’s stock.

A number of hedge funds have recently modified their holdings of MA. California Public Employees Retirement System raised its holdings in Mastercard by 19.9% during the 4th quarter. California Public Employees Retirement System now owns 2,852,309 shares of the credit services provider’s stock worth $538,088,000 after buying an additional 473,266 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Mastercard by 3.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,619 shares of the credit services provider’s stock worth $3,135,000 after buying an additional 482 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Mastercard by 14.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 783,926 shares of the credit services provider’s stock worth $147,755,000 after buying an additional 96,901 shares during the period. F3Logic LLC acquired a new stake in Mastercard during the 4th quarter worth about $408,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Mastercard during the 4th quarter worth about $1,352,000. 74.32% of the stock is owned by hedge funds and other institutional investors.

MA has been the subject of a number of analyst reports. Wedbush raised their price target on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. KeyCorp reaffirmed a “buy” rating and issued a $158.00 price target on shares of Tableau Software in a report on Friday, May 3rd. UBS Group raised their price target on Tableau Software to $134.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price target on shares of SAP in a report on Wednesday, May 1st. Finally, Wells Fargo & Co raised their price target on Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $258.96.

Mastercard Company Profile

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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