Mastercard (NYSE:MA) Shares Gap Down to $444.70

Mastercard Incorporated (NYSE:MAGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $444.70, but opened at $434.61. Mastercard shares last traded at $435.43, with a volume of 481,178 shares traded.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Piper Sandler started coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Morgan Stanley decreased their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Barclays reduced their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $498.57.

Read Our Latest Stock Analysis on MA

Mastercard Stock Performance

The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $402.89 billion, a P/E ratio of 35.35, a PEG ratio of 1.74 and a beta of 1.09. The business has a 50-day moving average price of $449.59 and a 200 day moving average price of $454.47.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the company posted $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the sale, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Foundation Mastercard sold 110,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Mastercard by 9.0% during the 2nd quarter. CWM LLC now owns 54,838 shares of the credit services provider’s stock valued at $24,192,000 after buying an additional 4,548 shares during the period. Fiduciary Alliance LLC lifted its holdings in Mastercard by 58.7% in the second quarter. Fiduciary Alliance LLC now owns 1,263 shares of the credit services provider’s stock valued at $562,000 after acquiring an additional 467 shares during the period. Hilltop National Bank lifted its holdings in Mastercard by 7.1% in the second quarter. Hilltop National Bank now owns 2,818 shares of the credit services provider’s stock valued at $1,243,000 after acquiring an additional 186 shares during the period. Sunflower Bank N.A. boosted its position in Mastercard by 2.0% in the second quarter. Sunflower Bank N.A. now owns 1,584 shares of the credit services provider’s stock worth $699,000 after purchasing an additional 31 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of Mastercard by 0.9% during the 2nd quarter. CVA Family Office LLC now owns 3,618 shares of the credit services provider’s stock valued at $1,596,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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. 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.

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