Mastercard (NYSE:MA) Sets New 12-Month High at $493.39

Mastercard Incorporated (NYSE:MA) hit a new 52-week high on Friday . The company traded as high as $493.39 and last traded at $493.39, with a volume of 6956 shares changing hands. The stock had previously closed at $492.11.

Wall Street Analyst Weigh In

Several research firms have commented on MA. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Stock Performance

The firm’s 50-day moving average price is $459.79 and its 200-day moving average price is $460.28. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $456.87 billion, a P/E ratio of 39.12, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 value of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 827,467 shares of company stock worth $379,595,815 over the last three months. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mastercard

Large investors have recently modified their holdings of the business. SS&H Financial Advisors Inc. raised its holdings in Mastercard by 65.0% in the second quarter. SS&H Financial Advisors Inc. now owns 2,954 shares of the credit services provider’s stock worth $1,303,000 after purchasing an additional 1,164 shares in the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $213,000. Lazari Capital Management Inc. raised its stake in shares of Mastercard by 9.2% during the 2nd quarter. Lazari Capital Management Inc. now owns 1,897 shares of the credit services provider’s stock worth $837,000 after acquiring an additional 160 shares in the last quarter. Cim LLC lifted its position in Mastercard by 1.0% during the second quarter. Cim LLC now owns 39,590 shares of the credit services provider’s stock valued at $18,899,000 after acquiring an additional 400 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Mastercard in the second quarter valued at approximately $39,525,000. Institutional investors own 97.28% of the company’s stock.

About Mastercard

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.