Insider Selling: Mastercard (NYSE:MA) Insider Sells $1,047,276.21 in Stock

Mastercard Incorporated (NYSE:MAGet Free Report) insider Raj Seshadri sold 1,977 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Wednesday, July 1st, Raj Seshadri sold 4,828 shares of Mastercard stock. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00.

Mastercard Trading Down 0.1%

Shares of MA stock opened at $539.00 on Friday. The stock has a market cap of $476.25 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a 50 day simple moving average of $497.92 and a 200 day simple moving average of $518.96.

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, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. On average, research analysts predict that Mastercard Incorporated will post 19.61 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is 20.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Loop Capital reissued a “buy” rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Citigroup dropped their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $653.81.

Read Our Latest Report on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Institutional Trading of Mastercard

Several institutional investors and hedge funds have recently modified their holdings of MA. Robinswood Financial LLC acquired a new position in Mastercard during the first quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $27,000. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $29,000. Finally, First Pacific Financial grew its holdings 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 valued at $31,000 after purchasing an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

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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