Mastercard (MA) Sets New 52-Week High at $242.86

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Mastercard Inc (NYSE:MA)’s share price reached a new 52-week high on Monday . The company traded as high as $242.86 and last traded at $243.00, with a volume of 1657807 shares traded. The stock had previously closed at $240.89.

MA has been the subject of a number of recent analyst reports. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $207.00 in a research note on Tuesday, January 8th. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Nomura upped their price objective on Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co dropped their price objective on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Finally, UBS Group raised Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $206.00 to $226.00 in a research note on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $233.48.

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $249.35 billion, a P/E ratio of 37.52, a PEG ratio of 1.92 and a beta of 1.14.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, analysts expect that Mastercard Inc will post 7.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,711 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total transaction of $651,399.08. Following the sale, the insider now directly owns 20,492 shares in the company, valued at $4,923,817.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 7,650 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $238.24, for a total value of $1,822,536.00. Following the sale, the insider now owns 28,729 shares in the company, valued at $6,844,396.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,447 shares of company stock worth $18,384,266. Company insiders own 0.32% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Focused Wealth Management Inc purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $25,000. Ruggie Capital Group bought a new position in Mastercard in the fourth quarter worth approximately $27,000. Valley National Advisers Inc. grew its stake in Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. New Capital Management LP grew its stake in Mastercard by 50.0% in the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Finally, Avondale Wealth Management bought a new position in Mastercard in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 75.55% of the company’s stock.

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About Mastercard (NYSE:MA)

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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