Insider Selling: Mastercard Incorporated (MA) Director Sells 5,000 Shares of Stock
Mastercard Incorporated (NYSE:MA) Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mastercard Incorporated (NYSE MA) traded up 0.85% during trading on Tuesday, hitting $143.02. 2,514,544 shares of the stock were exchanged. The stock’s 50 day moving average is $137.09 and its 200-day moving average is $124.74. Mastercard Incorporated has a one year low of $99.51 and a one year high of $143.59. The company has a market cap of $152.30 billion, a price-to-earnings ratio of 35.49 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Mastercard’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio is currently 21.78%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Personal Capital Advisors Corp boosted its holdings in shares of Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after buying an additional 8,670 shares during the period. IBM Retirement Fund boosted its stake in Mastercard by 68.8% in the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares during the period. Oribel Capital Management LP acquired a new position in Mastercard in the 1st quarter worth approximately $5,849,000. Finally, Puzo Michael J boosted its stake in Mastercard by 0.4% in the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Several research firms have issued reports on MA. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price objective on shares of Mastercard in a report on Friday, September 22nd. Morgan Stanley reiterated an “overweight” rating and set a $160.00 target price (up previously from $138.00) on shares of Mastercard in a research report on Tuesday, September 19th. Buckingham Research began coverage on Mastercard in a research report on Monday. They set a “buy” rating and a $163.00 target price on the stock. Finally, Cantor Fitzgerald began coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $143.08.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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