Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells $3,328,555.40 in Stock

Mastercard Incorporated (NYSE:MA) insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Craig Vosburg also recently made the following trade(s):

• On Thursday, June 12th, Craig Vosburg sold 9,428 shares of Mastercard stock. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04.
• On Thursday, June 5th, Craig Vosburg sold 14,051 shares of Mastercard stock. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55.

Mastercard Stock Performance

Shares of NYSE MA opened at $550.02 on Thursday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market cap of $501.46 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.43 and a beta of 1.05. The business’s 50 day moving average is $561.86 and its two-hundred day moving average is $545.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.31 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is 21.32%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewSquare Capital LLC bought a new position in Mastercard during the fourth quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard in the fourth quarter valued at $31,000. Finally, Keystone Global Partners LLC bought a new position in Mastercard in the first quarter worth $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $610.00.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.