Investors Sell Mastercard (MA) on Strength (MA)

Traders sold shares of Mastercard Inc (NYSE:MA) on strength during trading hours on Monday. $117.29 million flowed into the stock on the tick-up and $255.52 million flowed out of the stock on the tick-down, for a money net flow of $138.23 million out of the stock. Of all stocks tracked, Mastercard had the 5th highest net out-flow for the day. Mastercard traded up $0.96 for the day and closed at $175.65

MA has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “buy” rating and issued a $166.00 price objective (up previously from $145.00) on shares of Mastercard in a research note on Monday, October 30th. They noted that the move was a valuation call. Cantor Fitzgerald reiterated a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research note on Tuesday, October 31st. Loop Capital lifted their price objective on Mastercard to $167.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. BMO Capital Markets reiterated an “outperform” rating and issued a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Finally, KeyCorp reiterated an “overweight” rating and issued a $170.00 price objective (up previously from $165.00) on shares of Mastercard in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $177.40.

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market cap of $185,950.00, a PE ratio of 39.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. research analysts expect that Mastercard Inc will post 5.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is 22.37%.

Mastercard declared that its board has approved a stock repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boys Arnold & Co. Inc. increased its holdings in shares of Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after purchasing an additional 363 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Mastercard in the second quarter valued at approximately $2,351,000. Baldwin Investment Management LLC increased its holdings in shares of Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after purchasing an additional 200 shares during the period. Captrust Financial Advisors acquired a new position in shares of Mastercard in the second quarter valued at approximately $172,000. Finally, Royal Bank of Canada increased its holdings in shares of Mastercard by 1.2% in the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock valued at $502,413,000 after purchasing an additional 50,050 shares during the period. 75.51% 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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