Mastercard Inc (NYSE:MA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $217.35 and last traded at $215.92, with a volume of 105144 shares traded. The stock had previously closed at $214.99.

MA has been the subject of several research analyst reports. Bank of America lifted their price objective on shares of Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Cowen reiterated a “buy” rating and issued a $207.00 price objective on shares of Mastercard in a research note on Friday, July 20th. Buckingham Research lifted their price objective on shares of Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Wells Fargo & Co reiterated a “buy” rating on shares of Mastercard in a research note on Wednesday, May 30th. Finally, Loop Capital lifted their price objective on shares of Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $202.70.

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market cap of $223.85 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $1.10 EPS. Mastercard’s revenue was up 20.0% compared to the same quarter last year. equities research analysts anticipate that Mastercard Inc will post 6.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Investors of record on Monday, July 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s payout ratio is currently 21.83%.

In related news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Global X Management Co. LLC boosted its holdings in Mastercard by 7.7% during the 1st quarter. Global X Management Co. LLC now owns 9,842 shares of the credit services provider’s stock valued at $1,724,000 after acquiring an additional 702 shares during the period. Wells Fargo & Company MN boosted its holdings in Mastercard by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 4,526,210 shares of the credit services provider’s stock valued at $792,811,000 after acquiring an additional 33,695 shares during the period. Westpac Banking Corp boosted its holdings in Mastercard by 7.6% during the 1st quarter. Westpac Banking Corp now owns 102,296 shares of the credit services provider’s stock valued at $17,918,000 after acquiring an additional 7,190 shares during the period. Certified Advisory Corp lifted its holdings in shares of Mastercard by 3.3% in the 1st quarter. Certified Advisory Corp now owns 14,725 shares of the credit services provider’s stock worth $2,579,000 after buying an additional 465 shares during the period. Finally, Dorsey Wright & Associates lifted its holdings in shares of Mastercard by 6.2% in the 1st quarter. Dorsey Wright & Associates now owns 12,586 shares of the credit services provider’s stock worth $2,205,000 after buying an additional 731 shares during the period. 74.43% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Company Profile (NYSE:MA)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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