Raj Seshadri Sells 4,828 Shares of Mastercard (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MAGet Free Report) insider Raj Seshadri sold 4,828 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the sale, the insider owned 16,429 shares of the company’s stock, valued at approximately $8,625,225. This represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Raj Seshadri also recently made the following trade(s):

  • On Thursday, July 2nd, Raj Seshadri sold 1,977 shares of Mastercard stock. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21.

Mastercard Stock Down 0.1%

Mastercard stock opened at $539.00 on Friday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $497.92 and its 200 day simple moving average is $518.96. The stock has a market cap of $476.25 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the business posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 19.61 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.14%.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently bought and sold shares of the company. Robinswood Financial LLC bought a new stake in shares of Mastercard in the first quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new position in shares of Mastercard during the 4th quarter worth $29,000. Finally, First Pacific Financial grew its stake in shares of Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group reissued a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a research note on Thursday, March 19th. Raymond James Financial set a $609.00 target price on Mastercard in a research note on Friday, May 1st. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $653.81.

Check Out Our Latest Stock Report on Mastercard

Key Mastercard News

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About Mastercard

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Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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