Mastercard Incorporated Plans Quarterly Dividend of $0.66 (NYSE:MA)

Mastercard Incorporated (NYSE:MAGet Free Report) declared a quarterly dividend on Tuesday, February 6th, RTT News reports. Investors of record on Tuesday, April 9th will be given a dividend of 0.66 per share by the credit services provider on Thursday, May 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%.

Mastercard has raised its dividend payment by an average of 12.5% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Mastercard has a dividend payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mastercard to earn $16.80 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 15.7%.

Mastercard Price Performance

NYSE:MA traded up $3.74 during mid-day trading on Tuesday, reaching $460.50. 2,158,264 shares of the stock were exchanged, compared to its average volume of 2,567,667. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard has a 1-year low of $340.21 and a 1-year high of $463.84. The firm has a market capitalization of $431.85 billion, a PE ratio of 38.61, a PEG ratio of 1.76 and a beta of 1.08. The business has a fifty day moving average price of $426.64 and a 200 day moving average price of $408.30.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the business posted $2.65 EPS. Research analysts expect that Mastercard will post 14.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard K. Davis acquired 1,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the transaction, the director now owns 9,743 shares of the company’s stock, valued at approximately $3,809,123.28. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 156,356 shares of company stock worth $62,625,857. 0.13% of the stock is currently owned by insiders.

Institutional Trading of Mastercard

A number of large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Mastercard during the fourth quarter worth $3,308,223,000. Moneta Group Investment Advisors LLC grew its holdings in shares of Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after purchasing an additional 5,977,885 shares during the last quarter. Morgan Stanley lifted its stake in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Barclays PLC lifted its stake in shares of Mastercard by 145.7% during the second quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after acquiring an additional 1,755,483 shares during the period. Finally, State Street Corp lifted its stake in shares of Mastercard by 3.9% during the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after acquiring an additional 1,303,477 shares during the period. 74.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Raymond James lifted their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group lifted their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. BMO Capital Markets lifted their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. HSBC initiated coverage on Mastercard in a research note on Friday, October 13th. They set a “hold” rating and a $424.00 target price on the stock. Finally, Jefferies Financial Group lifted their target price on Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $471.85.

View Our Latest Report on Mastercard

Mastercard declared that its Board of Directors has authorized a share buyback program on Tuesday, December 5th that authorizes the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Mastercard Company Profile

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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 other payment-related products and services.

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Dividend History for Mastercard (NYSE:MA)

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