Investors Buy Mastercard Inc (MA) on Weakness

Investors bought shares of Mastercard Inc (NYSE:MA) on weakness during trading on Tuesday. $80.93 million flowed into the stock on the tick-up and $53.10 million flowed out of the stock on the tick-down, for a money net flow of $27.83 million into the stock. Of all equities tracked, Mastercard had the 27th highest net in-flow for the day. Mastercard traded down ($0.29) for the day and closed at $145.93

Several brokerages have weighed in on MA. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price objective (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Cowen and Company reissued a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Wednesday, July 5th. Mizuho initiated coverage on shares of Mastercard in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $146.81.

The company’s 50-day moving average is $140.23 and its 200-day moving average is $126.67. The company has a market cap of $155.40 billion, a PE ratio of 36.21 and a beta of 1.18.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.55% and a return on equity of 82.37%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities analysts forecast that Mastercard Inc will post $4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 21.78%.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $128.00, for a total transaction of $3,738,368.00. Following the transaction, the insider now owns 112,649,063 shares in the company, valued at $14,419,080,064. The disclosure for this sale can be found here. In the last quarter, insiders have sold 758,644 shares of company stock worth $98,337,677. 0.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter valued at about $100,000. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter valued at about $101,000. Chicago Partners Investment Group LLC lifted its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its position in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shar

Several brokerages have weighed in on MA. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price objective (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Cowen and Company reissued a “buy” rating and set a $137.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Wednesday, July 5th. Mizuho initiated coverage on shares of Mastercard in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. raised their price target on shares of Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $146.81.

The company’s 50-day moving average is $140.23 and its 200-day moving average is $126.67. The company has a market cap of $155.40 billion, a PE ratio of 36.21 and a beta of 1.18.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.55% and a return on equity of 82.37%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities analysts forecast that Mastercard Inc will post $4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 21.78%.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $128.00, for a total transaction of $3,738,368.00. Following the transaction, the insider now owns 112,649,063 shares in the company, valued at $14,419,080,064. The disclosure for this sale can be found here. In the last quarter, insiders have sold 758,644 shares of company stock worth $98,337,677. 0.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter valued at about $100,000. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter valued at about $101,000. Chicago Partners Investment Group LLC lifted its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its position in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the period. Institutional investors own 76.01% of the company’s stock.

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Mastercard Company Profile

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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