Mastercard (NYSE:MA) Reaches New 1-Year High at $406.31

Mastercard Incorporated (NYSE:MA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $406.31 and last traded at $405.45, with a volume of 164477 shares changing hands. The stock had previously closed at $402.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 888 restated a “reiterates” rating on shares of Mastercard in a report on Friday, June 30th. BMO Capital Markets boosted their price target on Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Credit Suisse Group upped their target price on Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. JPMorgan Chase & Co. upped their target price on Mastercard from $442.00 to $510.00 and gave the stock an “overweight” rating in a report on Tuesday, August 22nd. Finally, Barclays upped their target price on Mastercard from $437.00 to $470.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $440.96.

Mastercard Stock Up 1.1 %

The firm has a 50-day moving average price of $394.57 and a 200 day moving average price of $377.01. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $388.01 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 1.81 and a beta of 1.11.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio is currently 21.37%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now owns 46,491 shares of the company’s stock, valued at $18,596,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $397.89, for a total transaction of $50,060,928.24. Following the completion of the sale, the insider now directly owns 98,927,485 shares in the company, valued at $39,362,257,006.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $2,533,200.00. Following the sale, the insider now owns 46,491 shares of the company’s stock, valued at $18,596,400. The disclosure for this sale can be found here. Insiders have sold 399,783 shares of company stock valued at $158,204,310 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bornite Capital Management LP bought a new position in Mastercard during the 1st quarter worth $21,442,000. United Bank grew its holdings in Mastercard by 34.5% during the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock worth $2,147,000 after acquiring an additional 1,541 shares during the period. Mackenzie Financial Corp grew its holdings in Mastercard by 30.1% during the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock worth $97,335,000 after acquiring an additional 63,040 shares during the period. First Western Trust Bank acquired a new stake in Mastercard during the 1st quarter worth about $1,168,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Mastercard in the 1st quarter valued at about $12,926,000. 74.94% of the stock is currently owned by institutional investors.

About Mastercard

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 other payment-related products and services.