Insider Selling: Chris Mcwilton Sells 16,220 Shares of Mastercard Stock (MA)
Mastercard (NYSE:MA) Insider Chris Mcwilton sold 16,220 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $74.00, for a total value of $1,200,280.00. Following the sale, the insider now directly owns 41,050 shares of the company’s stock, valued at approximately $3,037,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MA has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, May 2nd. They now have a $78.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Mastercard in a research note on Friday, May 2nd. They now have a $93.50 price target on the stock, up previously from $91.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, April 29th. They now have a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $424.93.
Shares of Mastercard (NYSE:MA) traded up 0.15% during mid-day trading on Monday, hitting $73.86. 3,429,017 shares of the company’s stock traded hands. Mastercard has a 52 week low of $55.706 and a 52 week high of $84.748. The stock’s 50-day moving average is $73.30 and its 200-day moving average is $76.45. The company has a market cap of $86.298 billion and a P/E ratio of 27.63.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company posted $6.23 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that Mastercard will post $3.02 earnings per share for the current fiscal year.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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