Key Points
- Director Julius Genachowski sold 371 Mastercard shares for $217,038.71 at an average price of $585.01 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 4.13% to 8,607 shares.
- Mastercard reported quarterly EPS of $5.04 and revenue of $9.28 billion, exceeding analyst estimates, while revenue rose 14.1% year over year.
- The company declared a quarterly dividend of $0.87 per share, or $3.48 annualized, representing a 0.6% yield; analysts maintain a consensus “Moderate Buy” rating with a $681.56 target price.
Mastercard Incorporated (NYSE:MA - Get Free Report) Director Julius Genachowski sold 371 shares of Mastercard stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $585.01, for a total value of $217,038.71. Following the transaction, the director directly owned 8,607 shares of the company's stock, valued at $5,035,181.07. The trade was a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Julius Genachowski also recently made the following trade(s):
- On Monday, October 12th, Julius Genachowski sold 370 shares of Mastercard stock. The shares were sold at an average price of $590.21, for a total value of $218,377.70.
Mastercard Trading Up 1.7%
Shares of MA opened at $604.95 on Wednesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $605.60. The stock has a market cap of $529.94 billion, a PE ratio of 33.28, a P/E/G ratio of 1.70 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The business's 50-day moving average price is $573.44 and its 200-day moving average price is $532.76.
Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same period last year, the business earned $4.15 earnings per share. Mastercard's revenue was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 19.90 EPS for the current fiscal year.
Mastercard Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard's dividend payout ratio is 19.14%.
Mastercard News Summary
Here are the key news stories impacting Mastercard this week:
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Foster Group Inc. increased its position in shares of Mastercard by 0.9% in the third quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider's stock worth $1,170,000 after purchasing an additional 18 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Mastercard by 23.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,463 shares of the credit services provider's stock valued at $6,322,000 after purchasing an additional 2,164 shares during the last quarter. Krilogy Financial LLC lifted its position in Mastercard by 27.4% during the third quarter. Krilogy Financial LLC now owns 7,747 shares of the credit services provider's stock valued at $4,610,000 after purchasing an additional 1,667 shares during the last quarter. RHS Financial LLC lifted its position in Mastercard by 51.2% during the third quarter. RHS Financial LLC now owns 670 shares of the credit services provider's stock valued at $369,000 after purchasing an additional 227 shares during the last quarter. Finally, Spartan Planning & Wealth Management purchased a new position in Mastercard in the 3rd quarter worth approximately $689,000. Hedge funds and other institutional investors own 97.28% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on MA shares. Dbs Bank raised shares of Mastercard to a "moderate buy" rating in a report on Friday, August 21st. Weiss Ratings upgraded shares of Mastercard from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 2nd. Truist Financial upped their price target on shares of Mastercard from $554.00 to $633.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Daiwa Securities Group increased their price objective on Mastercard from $580.00 to $650.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, UBS Group increased their price objective on Mastercard from $640.00 to $670.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $681.56.
Get Our Latest Research Report on MA
About Mastercard
(
Get Free Report)
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard's products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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