Insider Selling: Gary J. Flood Sells 32,290 Shares of Mastercard Stock (MA)
Mastercard (NYSE:MA) Insider Gary J. Flood sold 32,290 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $76.22, for a total value of $2,461,143.80. Following the transaction, the insider now directly owns 49,490 shares in the company, valued at approximately $3,772,128. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on MA shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Mastercard in a research note on Monday, August 25th. They now have a $88.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, August 1st. They now have a $78.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Mastercard in a research note on Tuesday, July 8th. They set a “buy” rating and a $86.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $353.12.
Mastercard (NYSE:MA) traded down 0.30% on Tuesday, hitting $75.58. The stock had a trading volume of 3,617,965 shares. Mastercard has a 1-year low of $61.049 and a 1-year high of $84.748. The stock’s 50-day moving average is $76.30 and its 200-day moving average is $75.49. The company has a market cap of $87.519 billion and a price-to-earnings ratio of 27.41.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company posted $6.96 earnings per share. Mastercard’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Mastercard will post $3.00 EPS 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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