Shares of Mastercard Inc (NYSE:MA) hit a new 52-week high during trading on Monday . The stock traded as high as $177.36 and last traded at $177.62, with a volume of 1925803 shares traded. The stock had previously closed at $175.76.
Several analysts have recently commented on the stock. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research report on Thursday, January 11th. Cantor Fitzgerald increased their target price on Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies increased their target price on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill upgraded Mastercard from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $177.40.
The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market cap of $186,250.00, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is presently 22.37%.
Mastercard announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department increased its holdings in Mastercard by 21.6% in the 2nd quarter. State of Tennessee Treasury Department now owns 423,684 shares of the credit services provider’s stock worth $51,456,000 after acquiring an additional 75,209 shares during the last quarter. Pictet & Cie Europe SA purchased a new stake in Mastercard in the 2nd quarter worth about $1,666,000. Thompson Siegel & Walmsley LLC increased its holdings in Mastercard by 24.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,775 shares of the credit services provider’s stock worth $216,000 after acquiring an additional 353 shares during the last quarter. Banque Pictet & Cie SA increased its holdings in Mastercard by 541.4% in the 2nd quarter. Banque Pictet & Cie SA now owns 181,190 shares of the credit services provider’s stock worth $22,006,000 after acquiring an additional 152,940 shares during the last quarter. Finally, Bank Pictet & Cie Asia Ltd. purchased a new stake in Mastercard in the 2nd quarter worth about $2,084,000. 75.51% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Mastercard (MA) Sets New 12-Month High at $177.36” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3226987/mastercard-ma-sets-new-12-month-high-at-177-36.html.
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.
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.