During the recent session, Mastercard Incorporated (NYSE:MA)’s traded shares were 0.91 million, with the beta value of the company hitting 1.10. At the last check today, the stock’s price was $366.93, reflecting an intraday loss of -0.42% or -$1.57. The 52-week high for the MA share is $392.20, that puts it down -6.89 from that peak though still a striking 24.54% gain since the share price plummeted to a 52-week low of $276.87. The company’s market capitalization is $355.04B, and the average intraday trading volume over the past 10 days was 2.75 million shares, and the average trade volume was 2.67 million shares over the past three months.
Mastercard Incorporated (NYSE:MA) trade information
Mastercard Incorporated (MA) registered a -0.42% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.42% in intraday trading to $366.93 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -6.40%, and it has moved by 0.05% in 30 days. Based on these gigs, the overall price performance for the year is 7.70%. The short interest in Mastercard Incorporated (NYSE:MA) is 4.93 million shares and it means that shorts have 1.99 day(s) to cover.
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Mastercard Incorporated (MA) estimates and forecasts
Statistics show that Mastercard Incorporated has underperformed its competitors in share price, compared to the industry in which it operates. Mastercard Incorporated (MA) shares have gone up 6.37% during the last six months, with a year-to-date growth rate less than the industry average at 15.21% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 16.80% this quarter and then jump 20.90% in the quarter after that. In the rating firms’ projections, revenue will increase 13.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $6.19 billion as predicted by 26 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to $6.57 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.49 billion and $5.65 billion respectively. In this case, analysts expect current quarter sales to grow by 12.80% and then jump by 16.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.00%. While earnings are projected to return 16.80% in 2023, the next five years will return 20.29% per annum.
MA Dividends
Mastercard Incorporated is due to release its next quarterly earnings between July 26 and July 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Mastercard Incorporated is 2.28, with the dividend yield indicating at 0.62 percent, continuing the trend of increasing dividends in recent years.
Mastercard Incorporated (NYSE:MA)’s Major holders
Mastercard Incorporated insiders own 10.74% of total outstanding shares while institutional holders control 78.97%, with the float percentage being 88.48%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 3,591 institutions own stock in it. As of Mar 30, 2023, the company held over 77.76 million shares (or 8.27% of all shares), a total value of $28.26 billion in shares.
The next largest institutional holding, with 65.16 million shares, is of Blackrock Inc.’s that is approximately 6.93% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $23.68 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Mastercard Incorporated (MA) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 26.09 million shares. This amounts to just over 2.76 percent of the company’s overall shares, with a $9.07 billion market value. The same data shows that the other fund manager holds slightly less at 19.62 million, or about 2.08% of the stock, which is worth about $6.82 billion.