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

Traders sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Wednesday. $85.50 million flowed into the stock on the tick-up and $128.18 million flowed out of the stock on the tick-down, for a money net flow of $42.68 million out of the stock. Of all stocks tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $0.44 for the day and closed at $146.24

A number of research analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $165.00 target price on shares of Mastercard in a report on Wednesday, October 18th. Citigroup Inc. raised their target price on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Barclays PLC raised their target price on Mastercard from $148.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Cowen and Company restated an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Finally, Cantor Fitzgerald assumed coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.54.

The stock has a 50 day moving average price of $142.60 and a 200-day moving average price of $128.49. The stock has a market capitalization of $156.21 billion, a price-to-earnings ratio of 36.40 and a beta of 1.18.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. On average, analysts predict that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.

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

In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was 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 owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 408,172 shares of company stock worth $53,121,532 over the last three months. Insiders own 0.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Boys Arnold & Co. Inc. increased its stake in shares of Mastercard by 7.8% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after purchasing an additional 363 shares in the last quarter. Personal Capital Advisors Corp increased its stake in shares of Mastercard by 3.3% in the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after purchasing an additional 8,670 shares in the last quarter. IBM Retirement Fund increased its stake in shares of Mastercard by 68.8% in the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares in the last quarter. Oribel Capital Management LP purchased a new stake in shares of Mastercard in the 1st quarter worth $5,849,000. Finally, Puzo Michael J increased its stake in shares of Mastercard by 0.4% in the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

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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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