Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading on Monday after an insider sold shares in the company. $57.80 million flowed into the stock on the tick-up and $101.33 million flowed out of the stock on the tick-down, for a money net flow of $43.53 million out of the stock. Of all stocks tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $0.25 for the day and closed at $129.52Specifically, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of 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 sold 850,468 shares of company stock worth $109,574,694 in the last 90 days. 0.30% of the stock is owned by company insiders.
Several analysts have recently weighed in on the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. boosted their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Vetr lowered Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective on the stock. in a research note on Monday, May 22nd. BMO Capital Markets lifted their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $128.20.
The firm has a market capitalization of $139.65 billion, a PE ratio of 32.54 and a beta of 1.17. The stock’s 50-day moving average price is $127.74 and its 200 day moving average price is $118.27.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Mastercard’s revenue was up 13.3% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
Several hedge funds have recently modified their holdings of the company. Glassman Wealth Services raised its stake in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the last quarter. Norway Savings Bank raised its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Genesee Valley Trust Co. raised its stake in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after buying an additional 18 shares during the last quarter. Finally, Concert Wealth Management Inc. raised its stake in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares in the last quarter. 75.99% of the stock is owned by institutional investors.
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About Mastercard
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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