Mastercard Incorporated to Issue Quarterly Dividend of $0.76 (NYSE:MA)

Mastercard Incorporated (NYSE:MA - Get Free Report) announced a quarterly dividend on Tuesday, June 24th, RTT News reports. Shareholders of record on Wednesday, July 9th will be given a dividend of 0.76 per share by the credit services provider on Friday, August 8th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%.

Mastercard has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mastercard to earn $18.61 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 16.3%.

Mastercard Stock Up 2.8%

Shares of NYSE:MA traded up $15.34 during trading on Tuesday, hitting $557.69. The company's stock had a trading volume of 4,501,241 shares, compared to its average volume of 2,658,150. Mastercard has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The business has a 50 day moving average price of $560.33 and a two-hundred day moving average price of $544.91. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $508.45 billion, a PE ratio of 39.11, a P/E/G ratio of 2.32 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 EPS. As a group, research analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,890 shares of company stock valued at $27,003,492 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Institutional Trading of Mastercard

A hedge fund recently raised its stake in Mastercard stock. Brighton Jones LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 42.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,824 shares of the credit services provider's stock after acquiring an additional 2,028 shares during the quarter. Brighton Jones LLC's holdings in Mastercard were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MA. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Finally, Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average price target of $610.00.

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.

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