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 other payment-related products and services. The company offers integrated products and value-added services for account holders, merchants, financial institutions, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; prepaid programs and management services; commercial credit and debit payment products and solutions; and payment products and solutions that allow its customers to access funds in deposit and other accounts. It also provides value-added products and services comprising cyber and intelligence solutions for parties to transact, as well as proprietary insights, drawing on principled use of consumer, and merchant data services. In addition, the company offers analytics, test and learn, consulting, managed services, loyalty, processing, and payment gateway solutions for e-commerce merchants. Further, it provides open banking and digital identity platforms services. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
Mastercard Price Performance
MA Stock traded down $3.08 during mid-day trading on Friday, hitting $354.28. The stock had a trading volume of 1,727,825 shares, compared to its average volume of 3,783,108. The firm has a fifty day simple moving average of $334.88 and a 200 day simple moving average of $347.47. Mastercard has a 52 week low of $303.65 and a 52 week high of $399.92. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $342.37 billion, a P/E ratio of 35.91, a P/E/G ratio of 1.65 and a beta of 1.04.
Mastercard (NYSE:MA - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The business had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.26 billion. During the same period last year, the firm posted $1.95 earnings per share. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. As a group, research analysts forecast that Mastercard will post 10.65 EPS for the current year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Friday, July 8th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $1.96 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio is currently 19.86%.
Analyst Ratings Changes
MA has been the topic of a number of research reports. Piper Sandler cut their price objective on shares of Mastercard from $357.00 to $298.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Wells Fargo & Company lowered their price target on Mastercard from $450.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. BMO Capital Markets boosted their target price on shares of Mastercard from $402.00 to $422.00 in a report on Monday, August 1st. Finally, Susquehanna Bancshares lowered their price objective on shares of Mastercard from $430.00 to $400.00 and set a "positive" rating on the stock in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $414.09.
Insider Buying and Selling at Mastercard
In other news, CFO J. Mehra Sachin sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the sale, the chief financial officer now directly owns 15,723 shares in the company, valued at approximately $5,660,280. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.29% of the company's stock.
