Mastercard (NYSE:MA) Stock Price Down 0.1% – Here’s Why

Mastercard Incorporated (NYSE:MA) shares traded down 0.1% during trading on Thursday . The company traded as low as $517.65 and last traded at $521.36. 513,606 shares changed hands during trading, a decline of 79% from the average session volume of 2,443,434 shares. The stock had previously closed at $521.88.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Compass Point began coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Mizuho lifted their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Barclays lifted their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Robert W. Baird increased their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Up 0.3 %

The company has a fifty day moving average of $504.09 and a 200 day moving average of $471.04. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $479.01 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.39 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,370 shares of company stock worth $97,749,218. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after purchasing an additional 453,773 shares during the period. Valued Retirements Inc. bought a new position in shares of Mastercard during the third quarter worth $259,000. Brophy Wealth Management LLC purchased a new position in Mastercard during the third quarter valued at $1,956,000. Conway Capital Management Inc. bought a new stake in Mastercard in the 3rd quarter valued at $9,889,000. Finally, Resources Management Corp CT ADV boosted its holdings in shares of Mastercard by 19.0% during the 3rd quarter. Resources Management Corp CT ADV now owns 4,108 shares of the credit services provider’s stock valued at $2,029,000 after purchasing an additional 657 shares during the last quarter. 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.