Investors Sell Mastercard (MA) on Strength (MA)

Investors sold shares of Mastercard Inc (NYSE:MA) on strength during trading hours on Tuesday. $106.44 million flowed into the stock on the tick-up and $171.42 million flowed out of the stock on the tick-down, for a money net flow of $64.98 million out of the stock. Of all stocks tracked, Mastercard had the 33rd highest net out-flow for the day. Mastercard traded up $1.30 for the day and closed at $226.94

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Wedbush boosted their price objective on shares of Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer boosted their price objective on shares of Mastercard from $221.00 to $242.00 and gave the company an “outperform” rating in a research report on Monday, February 4th. Finally, Nomura boosted their price objective on shares of Mastercard to $252.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $226.80.

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $232.82 billion, a P/E ratio of 35.36, a PEG ratio of 1.81 and a beta of 1.14.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. As a group, sell-side analysts forecast that Mastercard Inc will post 7.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.

Mastercard declared that its board has approved a stock repurchase program on Tuesday, December 4th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other news, insider Edward Grunde Mclaughlin sold 20,269 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the sale, the insider now directly owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $192.00, for a total transaction of $960,000.00. Following the completion of the sale, the director now directly owns 40,183 shares of the company’s stock, valued at $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in Mastercard by 14,925.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after purchasing an additional 71,077,219 shares during the last quarter. Norges Bank acquired a new stake in Mastercard during the fourth quarter valued at approximately $1,701,899,000. Capital World Investors lifted its stake in Mastercard by 18.4% during the third quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock valued at $4,259,931,000 after purchasing an additional 2,976,127 shares during the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 10.5% during the third quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock valued at $4,329,431,000 after purchasing an additional 1,846,753 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Mastercard by 22,078.6% during the third quarter. Rehmann Capital Advisory Group now owns 1,820,194 shares of the credit services provider’s stock valued at $8,176,000 after purchasing an additional 1,811,987 shares during the last quarter. 74.17% of the stock is owned by institutional investors.

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About Mastercard (NYSE:MA)

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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