Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 9,428 Shares of Stock

Mastercard Incorporated (NYSE:MA) insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

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

Mastercard Trading Down 1.3%

MA opened at $550.02 on Thursday. The firm has a 50 day simple moving average of $561.86 and a 200 day simple moving average of $545.04. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a market cap of $501.46 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Hedge Funds Weigh In On Mastercard

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. FMR LLC grew its holdings in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Truist Financial began coverage on shares of Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. Finally, KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Company Profile

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.