Traders Sell Shares of Mastercard Incorporated (MA) on Strength (MA)

Investors sold shares of Mastercard Incorporated (NYSE:MA) on strength during trading hours on Monday. $45.98 million flowed into the stock on the tick-up and $75.45 million flowed out of the stock on the tick-down, for a money net flow of $29.47 million out of the stock. Of all stocks tracked, Mastercard had the 22nd highest net out-flow for the day. Mastercard traded up $0.15 for the day and closed at $149.69

Several research firms have recently commented on MA. Bank of America Corporation lifted their price target on shares of Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, November 6th. SunTrust Banks, Inc. lifted their price target on shares of Mastercard to $180.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Nomura lifted their price target on shares of Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald initiated coverage on shares of Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average target price of $157.68.

The stock has a market cap of $158,312.31, a price-to-earnings ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

In other news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The transaction 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 dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP lifted its position in Mastercard by 97.6% during the 3rd quarter. Engineers Gate Manager LP now owns 42,551 shares of the credit services provider’s stock worth $6,008,000 after buying an additional 21,020 shares in the last quarter. Brave Asset Management Inc. acquired a new position in Mastercard during the 3rd quarter worth about $226,000. Envestnet Asset Management Inc. lifted its position in Mastercard by 0.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 373,286 shares of the credit services provider’s stock worth $52,712,000 after buying an additional 2,715 shares in the last quarter. Signature Financial Management Inc. lifted its position in Mastercard by 2.7% during the 3rd quarter. Signature Financial Management Inc. now owns 24,940 shares of the credit services provider’s stock worth $3,454,000 after buying an additional 658 shares in the last quarter. Finally, Polen Capital Management LLC lifted its position in Mastercard by 1.8% during the 3rd quarter. Polen Capital Management LLC now owns 2,320,131 shares of the credit services provider’s stock worth $327,602,000 after buying an additional 40,712 shares in the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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