Mastercard (MA) Earning Somewhat Favorable Press Coverage, Study Finds
Press coverage about Mastercard (NYSE:MA) has trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mastercard earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 44.88202069654 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- NetworkNewsWire Releases Exclusive Interview with Global Payout, Inc. (GOHE) (marketwired.com)
- General Electric Co (GE) Holder First Republic Investment Management INC Trimmed Holding (iphonefresh.com)
- Exclusive: Top Hackers-For-Hire Startup Names New CEO (finance.yahoo.com)
- Mastercard Makes Post-Workout Shopping A Breeze For Fitbit Users (finance.yahoo.com)
- 5 Places To Be As FinTech Takes The World By Storm (finance.yahoo.com)
Shares of Mastercard (MA) traded down 0.01% during mid-day trading on Tuesday, reaching $133.84. The company’s stock had a trading volume of 2,122,335 shares. Mastercard has a 12 month low of $95.77 and a 12 month high of $134.24. The company has a 50-day moving average of $129.18 and a 200-day moving average of $119.24. The company has a market cap of $142.53 billion, a P/E ratio of 33.21 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Mastercard will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.66%. Mastercard’s payout ratio is 21.78%.
Several research analysts have recently weighed in on MA shares. Morgan Stanley lifted their price objective on Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. Instinet lifted their price objective on Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 price objective (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Citigroup Inc. lifted their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $128.20.
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In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock worth $109,574,694 in the last 90 days. 0.30% of the stock is currently owned by company insiders.
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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