Mastercard Inc (NYSE:MA) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 4,936,700 shares, a decrease of 21.6% from the May 30th total of 6,295,100 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,510,000 shares, the days-to-cover ratio is presently 1.4 days.
A number of equities analysts have issued reports on MA shares. Oppenheimer set a $119.00 price target on American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. KeyCorp reiterated a “buy” rating and set a $158.00 price target on shares of Tableau Software in a research report on Friday, May 3rd. Deutsche Bank set a $81.00 price target on Franco Nevada and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Co increased their price target on Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wedbush increased their price target on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Mastercard currently has an average rating of “Buy” and an average price target of $258.96.
Shares of Mastercard stock traded up $1.22 during mid-day trading on Friday, reaching $279.54. 2,299,692 shares of the stock traded hands, compared to its average volume of 2,962,862. The company has a 50-day moving average price of $262.25. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $279.74. The stock has a market capitalization of $285.56 billion, a PE ratio of 43.07, a PEG ratio of 2.20 and a beta of 1.07. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Mastercard will post 7.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.47%. Mastercard’s dividend payout ratio is presently 20.34%.
In other news, insider Gilberto Caldart sold 46,772 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $241.06, for a total value of $11,274,858.32. Following the sale, the insider now owns 22,280 shares in the company, valued at $5,370,816.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 8,314 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the sale, the insider now owns 33,047 shares in the company, valued at approximately $8,791,493.41. The disclosure for this sale can be found here. Insiders sold 366,221 shares of company stock worth $92,047,063 in the last 90 days. Company insiders own 0.32% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Valley National Advisers Inc. increased its holdings in shares of Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 97 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $30,000. Ellis Investment Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $30,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Finally, Motco increased its holdings in shares of Mastercard by 40.9% in the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.
Mastercard Company Profile
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 related products and services.
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