Mastercard (NYSE:MA) Stock Price Down 0.1% – What’s Next?

Shares of Mastercard Incorporated (NYSE:MA) were down 0.1% during mid-day trading on Tuesday . The stock traded as low as $504.20 and last traded at $505.14. Approximately 272,969 shares traded hands during trading, a decline of 89% from the average daily volume of 2,438,692 shares. The stock had previously closed at $505.58.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MA shares. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer started coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Stock Down 0.6 %

The company has a market capitalization of $478.44 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The company’s fifty day moving average is $498.11 and its 200-day moving average is $468.02. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.39 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

A number of large investors have recently added to or reduced their stakes in MA. International Assets Investment Management LLC raised its stake in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Swedbank AB bought a new position in shares of Mastercard in the 1st quarter valued at about $660,652,000. PineStone Asset Management Inc. increased its stake in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Mastercard during the second quarter worth approximately $259,071,000. Finally, Capital World Investors raised its position in Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the period. 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.