Mastercard Inc (NYSE:MA) Director David R. Carlucci sold 5,950 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Mastercard Inc (NYSE MA) traded down $0.70 during mid-day trading on Monday, reaching $182.54. 3,581,326 shares of the company traded hands, compared to its average volume of 4,620,000. Mastercard Inc has a 12-month low of $110.13 and a 12-month high of $183.52. The firm has a market cap of $191,920.00, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. sell-side analysts predict that Mastercard Inc will post 5.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is 22.83%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. BlackRock Inc. increased its stake in shares of Mastercard by 3.3% during the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock valued at $9,588,019,000 after acquiring an additional 2,000,290 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Mastercard by 784.3% during the 2nd 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 acquiring an additional 14,962,583 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after acquiring an additional 82,024 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Mastercard by 15.8% during the 2nd 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 acquiring an additional 1,729,179 shares during the last quarter. 76.10% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research report on Wednesday, February 21st. Piper Jaffray Companies boosted their target price on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their target price on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Barclays boosted their target price on shares of Mastercard from $178.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $177.40.
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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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