Investors Sell Mastercard (MA) on Strength (MA)
Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Thursday. $73.61 million flowed into the stock on the tick-up and $146.03 million flowed out of the stock on the tick-down, for a money net flow of $72.42 million out of the stock. Of all companies tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $1.16 for the day and closed at $165.48
Several equities research analysts have recently issued reports on MA shares. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, September 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Mastercard in a research note on Friday, September 22nd. Cantor Fitzgerald started coverage on Mastercard in a research note on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price objective for the company. Buckingham Research started coverage on Mastercard in a research note on Monday, October 2nd. They issued a “buy” rating and a $163.00 price objective for the company. Finally, Wells Fargo & Co raised Mastercard from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $160.00 in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $161.82.
The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $175,190.00, a PE ratio of 38.57, a PEG ratio of 1.83 and a beta of 1.21.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is 23.31%.
Mastercard announced that its Board of Directors has initiated a stock repurchase plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Lockheed Martin Investment Management Co. boosted its position in shares of Mastercard by 50.0% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 3,600 shares of the credit services provider’s stock worth $545,000 after purchasing an additional 1,200 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of Mastercard by 15.8% in the 4th quarter. Oakbrook Investments LLC now owns 47,805 shares of the credit services provider’s stock worth $7,236,000 after purchasing an additional 6,525 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Mastercard by 3.0% in the 4th quarter. Acadian Asset Management LLC now owns 819,625 shares of the credit services provider’s stock worth $124,059,000 after purchasing an additional 23,500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Mastercard by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,220,451 shares of the credit services provider’s stock worth $487,438,000 after purchasing an additional 85,775 shares in the last quarter. Finally, Coastline Trust Co boosted its position in shares of Mastercard by 4.6% in the 4th quarter. Coastline Trust Co now owns 12,515 shares of the credit services provider’s stock worth $1,894,000 after purchasing an additional 550 shares in the last quarter. 75.61% of the stock is owned by hedge funds and other institutional investors.
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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