MasterCard Inc. (NYSE:MA) Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total value of $508,900.00. Following the transaction, the director now owns 52,423 shares in the company, valued at $5,335,612.94. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of MasterCard Inc. (NYSE:MA) opened at 101.35 on Wednesday. The company has a market cap of $111.26 billion, a P/E ratio of 29.73 and a beta of 1.19. The stock’s 50 day moving average price is $99.71 and its 200-day moving average price is $95.93. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. MasterCard’s revenue was up 12.7% on a year-over-year basis. Equities research analysts expect that MasterCard Inc. will post $3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio is 22.35%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arbor Wealth Management LLC increased its position in MasterCard by 0.3% in the second quarter. Arbor Wealth Management LLC now owns 2,878 shares of the company’s stock worth $273,000 after buying an additional 8 shares in the last quarter. Compagnie Lombard Odier SCmA increased its position in MasterCard by 0.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 15 shares in the last quarter. HBK Sorce Advisory LLC increased its position in MasterCard by 0.4% in the second quarter. HBK Sorce Advisory LLC now owns 5,129 shares of the company’s stock worth $452,000 after buying an additional 22 shares in the last quarter. Krilogy Financial LLC increased its position in MasterCard by 1.0% in the second quarter. Krilogy Financial LLC now owns 2,383 shares of the company’s stock worth $210,000 after buying an additional 24 shares in the last quarter. Finally, Lourd Capital LLC increased its position in MasterCard by 0.4% in the second quarter. Lourd Capital LLC now owns 5,941 shares of the company’s stock worth $523,000 after buying an additional 26 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.
MA has been the subject of several research analyst reports. Citigroup Inc. raised their target price on MasterCard from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $118.00 target price on shares of MasterCard in a research report on Monday, July 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of MasterCard in a research report on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Tuesday, July 5th. Finally, Vetr raised MasterCard from a “sell” rating to a “buy” rating and set a $94.47 target price for the company in a research report on Monday, June 27th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $109.90.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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