Embedded Mastercard (NYSE: MA) declared a quarterly dividend on Monday, September 20, RTT News reports. Shareholders of record on Friday October 8 will receive a dividend of 0.44 per share from the credit service provider on Tuesday November 9. This represents a dividend of $ 1.76 on an annualized basis and a return of 0.52%.
Mastercard has increased its dividend by 81.8% over the past three years.
NYSE MA traded at $ 3.35 on Monday, reaching $ 339.69. The stock had a trade volume of 3,955,697 shares, compared to its average volume of 3,786,775. The company has a 50-day moving average price of $ 364.64 and a 200-day moving average price of. $ 368.60. The company has a current ratio of 1.33, a quick ratio of 1.33, and a debt ratio of 2.03. Mastercard has a one-year minimum of $ 281.20 and a one-year maximum of $ 401.50. The company has a market cap of $ 335.20 billion, a price / earnings ratio of 47.19, a P / E / G ratio of 1.98 and a beta of 1.16.
Mastercard (NYSE: MA) last reported its quarterly results on Thursday, July 29. The credit services provider reported earnings per share of $ 1.95 for the quarter, beating analyst consensus estimates of $ 1.72 by $ 0.23. Mastercard had a return on equity of 109.48% and a net margin of 43.22%. The company posted revenue of $ 4.53 billion in the quarter, compared to $ 4.35 billion expected by analysts. On average, analysts predict that Mastercard will post 8.11 earnings per share for the current fiscal year.
MA has been the subject of several research analyst reports. Raymond James increased his Mastercard price target from $ 428.00 to $ 453.00 and gave the stock an “outperformance” rating in a research report on Friday, July 30. Daiwa Capital Markets upgraded Mastercard from an “outperformance” rating to a “neutral” rating and set a price target of $ 385.00 for the company. in a research report on Thursday August 12. Mizuho raised his price target on Mastercard from $ 435.00 to $ 450.00 and gave the stock a “buy” rating in a research report on Monday, August 2. Morgan Stanley raised its Mastercard price target from $ 444.00 to $ 451.00 and rated the stock “overweight” in a research report published on Friday, July 30. Finally, Wells Fargo & Company raised its Mastercard price target from $ 430.00 to $ 440.00 and rated the stock “overweight” in a research report released on Friday, July 30. Two equity research analysts rated the stock with a conservation rating and nineteen gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $ 418.48.
In addition, President Ajay Banga sold 60,000 shares in a transaction on Wednesday July 14. The stock was sold for an average price of $ 390.34, for a total value of $ 23,420,400.00. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website. In addition, CFO J. Mehra Sachin sold 7,838 shares in a trade on Friday July 30. The shares were sold for an average price of $ 385.42, for a total value of $ 3,020,921.96. Following the completion of the transaction, the CFO now directly owns 20,320 shares of the company, valued at approximately $ 7,831,734.40. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 876,377 shares of the company valued at $ 330,177,910. 0.33% of the shares are held by insiders of the company.
An institutional investor recently increased his position in Mastercard shares. Morgan Stanley increased its position in Mastercard Incorporated (NYSE: MA) by 1.4% in the 2nd quarter, according to its latest filing with the SEC. The fund held 18,779,658 shares of the credit service provider after purchasing an additional 259,715 shares during the period. Mastercard includes 0.9% of Morgan Stanley’s holdings, making the stock its 10th position. Morgan Stanley owned approximately 1.90% of Mastercard worth $ 6,856,264,000 at the end of the most recent quarter. 73.97% of the shares are held by institutional investors.
Mastercard Company Profile
Mastercard, Inc. operates like a technology company. The company engages in the payments industry that connects consumers, financial institutions, merchants, governments and businesses. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.
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