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

Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Thursday. $84.40 million flowed into the stock on the tick-up and $155.84 million flowed out of the stock on the tick-down, for a money net flow of $71.44 million out of the stock. Of all equities tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $2.03 for the day and closed at $149.45

MA has been the topic of several analyst reports. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Wedbush reaffirmed a “buy” rating and issued a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Cowen reaffirmed a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Friday, September 8th. Finally, Credit Suisse Group boosted their price target on Mastercard from $128.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $159.22.

The stock has a market cap of $158,217.03, a price-to-earnings ratio of 34.67, a PEG ratio of 1.99 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is presently 20.47%.

Mastercard announced that its Board of Directors has initiated a share buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in MA. Janus Henderson Group PLC lifted its stake in Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Mastercard by 289.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the last quarter. Harding Loevner LP lifted its stake in Mastercard by 170.7% in the 3rd quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after purchasing an additional 2,173,507 shares during the last quarter. Vanguard Group Inc. lifted its stake in Mastercard by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Hedge funds and other institutional investors own 75.81% 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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