Mastercard (NYSE:MA) Stock Price Down 0.5% Following Analyst Downgrade

Mastercard Incorporated (NYSE:MA) was down 0.5% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $593.00 to $580.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mastercard traded as low as $504.28 and last traded at $505.54. Approximately 531,058 shares changed hands during trading, a decline of 78% from the average daily volume of 2,440,976 shares. The stock had previously closed at $508.08.

Other equities analysts have also issued research reports about the company. BMO Capital Markets restated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $540.17.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mastercard

A number of institutional investors and hedge funds have recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the second quarter worth $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the second quarter worth $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.5 %

The stock has a market cap of $467.08 billion, a PE ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. The business has a 50-day moving average of $496.51 and a 200 day moving average of $467.30.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.39 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.