Traders Sell Mastercard (MA) on Strength (MA)
Investors sold shares of Mastercard Inc (NYSE:MA) on strength during trading on Thursday. $277.34 million flowed into the stock on the tick-up and $437.39 million flowed out of the stock on the tick-down, for a money net flow of $160.05 million out of the stock. Of all companies tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $2.50 for the day and closed at $202.99
A number of research firms have recently weighed in on MA. Wells Fargo & Co increased their price objective on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. BMO Capital Markets began coverage on shares of Mastercard in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price objective on the stock. Finally, Barclays began coverage on shares of Mastercard in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $240.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $221.28.
The stock has a market cap of $209.65 billion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Wednesday, January 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.67%. This is an increase from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
Mastercard declared that its board has initiated a stock buyback plan on Tuesday, December 4th that authorizes the company to buyback $6.50 million in outstanding shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Richard K. Davis acquired 2,475 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MA. Wedge Capital Management L L P NC purchased a new position in shares of Mastercard in the second quarter worth about $224,000. Smith Asset Management Group LP lifted its stake in shares of Mastercard by 4.3% in the second quarter. Smith Asset Management Group LP now owns 75,071 shares of the credit services provider’s stock worth $14,753,000 after buying an additional 3,070 shares in the last quarter. Personal Capital Advisors Corp lifted its stake in shares of Mastercard by 3.1% in the second quarter. Personal Capital Advisors Corp now owns 235,223 shares of the credit services provider’s stock worth $46,226,000 after buying an additional 7,173 shares in the last quarter. MUFG Securities EMEA plc lifted its stake in shares of Mastercard by 67.0% in the second quarter. MUFG Securities EMEA plc now owns 501,027 shares of the credit services provider’s stock worth $98,462,000 after buying an additional 201,027 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of Mastercard by 22.3% in the second quarter. Aviva PLC now owns 577,170 shares of the credit services provider’s stock worth $113,425,000 after buying an additional 105,207 shares in the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.
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About Mastercard (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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