Mastercard (NYSE:MA) Stock Price Down 0.5% on Analyst Downgrade

by · The Markets Daily

Mastercard Incorporated (NYSE:MA – Get Free Report)’s share price traded down 0.5% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $593.00 to $580.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mastercard traded as low as $504.28 and last traded at $505.54. 531,058 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 2,440,976 shares. The stock had previously closed at $508.08.

A number of other equities research analysts have also recently commented on MA. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Citigroup boosted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $537.92.

View Our Latest Research Report on Mastercard

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by company insiders.

Institutional Trading of Mastercard

Several institutional investors have recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter worth $39,000. Finally, Lowe Wealth Advisors LLC grew its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36. The company’s 50 day moving average is $495.77 and its 200-day moving average is $466.94. The stock has a market cap of $467.04 billion, a PE ratio of 38.24, a P/E/G ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is 19.97%.

Mastercard Company Profile

(Get Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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