Investors Sell Mastercard (MA) on Strength (MA)

Investors sold shares of Mastercard Inc (NYSE:MA) on strength during trading hours on Monday. $117.29 million flowed into the stock on the tick-up and $255.52 million flowed out of the stock on the tick-down, for a money net flow of $138.23 million out of the stock. Of all companies tracked, Mastercard had the 5th highest net out-flow for the day. Mastercard traded up $0.96 for the day and closed at $175.65

A number of equities research analysts recently commented on the company. Vetr upgraded Mastercard from a “sell” rating to a “buy” rating and set a $182.50 target price on the stock in a research report on Thursday. Piper Jaffray Companies upped their target price on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley upped their target price on Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Barclays upped their target price on Mastercard from $178.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald upped their target price on Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average price target of $177.40.

The company has a market capitalization of $185,950.00, a PE ratio of 39.30, a PEG ratio of 1.63 and a beta of 1.26. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue was up 20.2% on a year-over-year basis. sell-side analysts forecast that Mastercard Inc will post 5.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 22.37%.

Mastercard declared that its Board of Directors has initiated a share repurchase plan 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 buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. BlackRock Inc. increased its stake in shares of Mastercard by 3.3% in the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after acquiring an additional 2,000,290 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Mastercard by 0.5% in the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after acquiring an additional 82,024 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after acquiring an additional 1,729,179 shares during the last quarter. 75.51% of the stock is owned by hedge funds and other 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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