Mastercard (NYSE:MA) Trading 1.3% Higher - Here's What Happened

Market Beat
2024.12.25 17:19
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Mastercard's stock rose 1.3% to $535.71, with a trading volume decline of 62%. Analysts have mixed ratings, with BNP Paribas downgrading to "neutral" and setting a $470 target, while Citigroup raised its target to $572. The company reported a Q3 EPS of $3.89, beating estimates, and announced a dividend increase to $0.76 per share. A $12 billion stock buyback plan was also authorized, indicating confidence in the stock's value. Mastercard has a market cap of $491.69 billion and a dividend yield of 0.57%.