Mastercard Incorporated (NYSE:MA - Free Report) - Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for shares of Mastercard in a report released on Wednesday, May 1st. Seaport Res Ptn analyst J. Cantwell now expects that the credit services provider will post earnings per share of $3.81 for the quarter, down from their previous estimate of $3.86. The consensus estimate for Mastercard's current full-year earnings is $14.32 per share.
Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.34 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The firm's quarterly revenue was up 10.4% on a year-over-year basis.
A number of other research analysts also recently weighed in on MA. Oppenheimer reissued an "outperform" rating and issued a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Robert W. Baird raised their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. Susquehanna reiterated a "positive" rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. William Blair reiterated an "outperform" rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Raymond James upped their price objective on Mastercard from $452.00 to $504.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus price target of $493.55.
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Mastercard Stock Performance
Shares of MA stock traded up $2.51 on Friday, reaching $443.61. The stock had a trading volume of 3,711,502 shares, compared to its average volume of 2,472,272. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. Mastercard has a 1 year low of $357.85 and a 1 year high of $490.00. The stock has a market cap of $413.84 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company has a 50 day simple moving average of $470.17 and a 200 day simple moving average of $437.44.
Mastercard Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard's dividend payout ratio (DPR) is 20.99%.
Insider Buying and Selling
In related news, major shareholder Foundation Mastercard sold 116,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the transaction, the insider now directly owns 96,651,308 shares of the company's stock, valued at $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 116,000 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the sale, the insider now directly owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 7,851 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,088 shares of company stock worth $266,873,978. Corporate insiders own 0.13% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Activest Wealth Management grew its position in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider's stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Cross Staff Investments Inc increased its stake in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider's stock worth $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA increased its stake in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider's stock worth $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp boosted its position in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider's stock valued at $5,171,000 after buying an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider's stock worth $209,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company's stock.
About Mastercard
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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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