Mastercard (NYSE:MA) Stock Price Down 0.5% – What’s Next?

Mastercard Incorporated (NYSE:MA) shares dropped 0.5% on Thursday . The company traded as low as $517.80 and last traded at $518.72. Approximately 392,478 shares traded hands during trading, a decline of 84% from the average daily volume of 2,443,549 shares. The stock had previously closed at $521.13.

Analyst Ratings Changes

A number of equities analysts have commented on MA shares. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Citigroup boosted their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Susquehanna increased their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Stock Down 0.3 %

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $479.82 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The business has a 50-day moving average price of $498.11 and a 200-day moving average price of $468.02.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.39 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Several hedge funds have recently added to or reduced their stakes in MA. Vanguard Group Inc. increased its position in Mastercard by 0.4% during the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital Research Global Investors grew its position in Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Ameriprise Financial Inc. raised its position in shares of Mastercard by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after buying an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after buying an additional 113,238 shares during the period. Institutional investors own 97.28% of the company’s stock.

About Mastercard

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.