Mastercard Insider Sells $713,622 in Stock (MA)
Mastercard (NYSE:MA) Insider Gary J. Flood unloaded 9,298 shares of Mastercard stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $76.75, for a total transaction of $713,621.50. Following the completion of the transaction, the insider now directly owns 53,780 shares in the company, valued at approximately $4,127,615. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MA. 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 eleven have given a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus price target of $416.84.
Shares of Mastercard (NYSE:MA) traded down 1.50% on Thursday, hitting $75.72. The stock had a trading volume of 3,844,520 shares. Mastercard has a 1-year low of $55.706 and a 1-year high of $84.748. The stock’s 50-day moving average is $74.92 and its 200-day moving average is $76.81. The company has a market cap of $88.471 billion and a price-to-earnings ratio of 28.80.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $6.23 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Monday, July 7th.
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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