Somewhat Positive Media Coverage Somewhat Unlikely to Affect Mastercard (MA) Stock Price
Media headlines about Mastercard (NYSE:MA) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mastercard earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 46.9762100616811 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- MasterCard: The Dividend Does It? (finance.yahoo.com)
- Share Buyback Program Approved by Mastercard (MA) (americanbankingnews.com)
- BRIEF-Mastercard Board Declares Quarterly Cash Dividend Of 25 Cents Per Share (reuters.com)
- MasterCard Announces $4 Bln Share Buyback; Lifts Quarterly Cash Dividend By 14% (rttnews.com)
- Mastercard Unveils New $4 Billion Share-Repurchase Plan (wsj.com)
Shares of Mastercard (NYSE MA) traded up $1.70 during trading on Tuesday, reaching $145.13. 6,806,657 shares of the company’s stock traded hands, compared to its average volume of 3,217,617. Mastercard has a 52 week low of $101.80 and a 52 week high of $154.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $153,600.00, a P/E ratio of 34.73, a P/E/G ratio of 1.99 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm posted $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. sell-side analysts anticipate that Mastercard will post 4.54 earnings per share for the current year.
The firm also recently disclosed 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 is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.51%.
Mastercard declared that its Board of Directors has initiated a stock buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
A number of equities research analysts have recently weighed in on MA shares. Instinet restated a “buy” rating and issued a $163.00 price objective (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. KeyCorp restated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a report on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $161.00 price target on shares of Mastercard in a research note on Friday, October 13th. Finally, Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $159.22.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now directly owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 over the last three months. 0.30% of the stock is currently owned by insiders.
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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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