Mastercard (NYSE:MA) Shares Down 0.9% – Here’s Why

Mastercard Incorporated (NYSE:MA)’s share price fell 0.9% on Tuesday . The company traded as low as $510.57 and last traded at $510.57. 423,668 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,431,886 shares. The stock had previously closed at $515.01.

Analyst Ratings Changes

Several analysts have recently commented on MA shares. Oppenheimer began coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler boosted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Finally, Robert W. Baird raised their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Stock Down 0.3 %

The firm has a market capitalization of $477.40 billion, a P/E ratio of 40.59, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $488.09 and a 200 day simple moving average of $464.33.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Capital Advisors Wealth Management LLC purchased a new stake in shares of Mastercard in the 1st quarter worth approximately $217,000. Annex Advisory Services LLC increased its holdings in shares of Mastercard by 42.9% in the 1st quarter. Annex Advisory Services LLC now owns 1,125 shares of the credit services provider’s stock valued at $542,000 after acquiring an additional 338 shares during the period. Fermata Advisors LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $245,000. Von Berge Wealth Management Group LLC bought a new position in Mastercard in the first quarter worth about $229,000. Finally, Sarasin & Partners LLP boosted its holdings in shares of Mastercard by 2.2% in the 1st quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock valued at $353,897,000 after buying an additional 15,756 shares in 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.