Traders Sell Shares of Mastercard (MA) on Strength (MA)

Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading on Wednesday. $93.52 million flowed into the stock on the tick-up and $128.26 million flowed out of the stock on the tick-down, for a money net flow of $34.74 million out of the stock. Of all equities tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $2.29 for the day and closed at $147.42

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $165.00 price target on shares of Mastercard in a research note on Tuesday, October 31st. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Loop Capital raised their price target on Mastercard to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $159.22.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $156,067.95, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts expect that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

Mastercard announced that its board has initiated a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 in the last ninety days. Insiders own 0.30% of the company’s stock.

Several large investors have recently made changes to their positions in MA. Tredje AP fonden grew its holdings in shares of Mastercard by 2.1% during the 1st quarter. Tredje AP fonden now owns 88,165 shares of the credit services provider’s stock worth $9,916,000 after purchasing an additional 1,811 shares in the last quarter. Alley Co LLC grew its holdings in shares of Mastercard by 5.1% during the 1st quarter. Alley Co LLC now owns 31,430 shares of the credit services provider’s stock worth $3,535,000 after purchasing an additional 1,529 shares in the last quarter. Sphera Funds Management LTD. grew its holdings in shares of Mastercard by 6.5% during the 1st quarter. Sphera Funds Management LTD. now owns 11,525 shares of the credit services provider’s stock worth $1,296,000 after purchasing an additional 700 shares in the last quarter. Comerica Securities Inc. boosted its stake in Mastercard by 4.5% in the 1st quarter. Comerica Securities Inc. now owns 10,313 shares of the credit services provider’s stock valued at $1,160,000 after buying an additional 447 shares in the last quarter. Finally, InterOcean Capital LLC boosted its stake in Mastercard by 37.4% in the 1st quarter. InterOcean Capital LLC now owns 106,443 shares of the credit services provider’s stock valued at $11,972,000 after buying an additional 28,948 shares in the last quarter. 75.81% of the stock is currently owned by 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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