Mastercard (NYSE:MA) Trading Up 1.8%

Mastercard Incorporated (NYSE:MA)’s stock price was up 1.8% during mid-day trading on Monday . The stock traded as high as $485.19 and last traded at $484.55. Approximately 492,032 shares changed hands during trading, a decline of 80% from the average daily volume of 2,433,677 shares. The stock had previously closed at $476.12.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MA shares. Citigroup increased their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Evercore ISI dropped their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Trading Down 0.0 %

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a 50-day simple moving average of $458.12 and a two-hundred day simple moving average of $459.86. The firm has a market capitalization of $453.66 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Friday, June 14th. The stock was sold at an average price of $443.63, for a total value of $51,461,080.00. Following the transaction, the insider now directly owns 92,998,308 shares in the company, valued at approximately $41,256,839,378.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction on Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the transaction, the insider now owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 943,467 shares of company stock worth $431,056,895. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital International Investors grew its stake in Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Capital Research Global Investors grew its stake in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at about $4,595,559,000. Finally, Ameriprise Financial Inc. grew its stake in Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercard

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.