Mastercard (NYSE:MA) General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the sale, the general counsel now owns 59,907 shares in the company, valued at $10,809,619.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mastercard (MA) traded up $1.93 during mid-day trading on Tuesday, reaching $182.51. 2,859,290 shares of the company’s stock were exchanged, compared to its average volume of 3,979,249. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard has a 1 year low of $110.33 and a 1 year high of $183.73. The company has a market capitalization of $191,930.16, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. research analysts expect that Mastercard will post 5.93 EPS for the current fiscal year.
Mastercard declared that its board has approved a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 27.40%.
MA has been the topic of a number of recent research reports. Credit Suisse Group reiterated a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Tuesday, January 2nd. Morgan Stanley lifted their price objective on shares of Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price objective on the stock in a report on Wednesday, November 29th. Finally, Barclays reiterated a “buy” rating and issued a $170.00 price objective on shares of Mastercard in a report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $177.40.
A number of hedge funds have recently added to or reduced their stakes in the business. Community Bank N.A. boosted its position in shares of Mastercard by 119.7% in the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 365 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard in the third quarter valued at about $102,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $103,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Mastercard in the third quarter valued at about $106,000. Finally, Trustcore Financial Services LLC bought a new stake in shares of Mastercard in the fourth quarter valued at about $120,000. 76.04% of the stock is owned by hedge funds and other institutional investors.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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