Mastercard Inc (NYSE:MA) Insider Sells $632,206.96 in Stock

Mastercard Inc (NYSE:MA) insider Michael Miebach sold 2,233 shares of Mastercard stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the transaction, the insider now directly owns 15,548 shares in the company, valued at $4,401,949.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of MA opened at $269.45 on Friday. The company’s 50 day simple moving average is $271.45. The company has a market cap of $275.25 billion, a P/E ratio of 41.52, a PEG ratio of 2.18 and a beta of 1.07. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 137.10% and a net margin of 42.71%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Inc will post 7.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s payout ratio is 20.34%.

MA has been the topic of a number of analyst reports. Wedbush lifted their price objective on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Deutsche Bank lifted their price objective on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. KeyCorp lifted their price objective on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Oppenheimer lifted their target price on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Citigroup set a $317.00 target price on Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $287.20.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Mastercard by 1.8% in the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after acquiring an additional 720,407 shares during the last quarter. Geode Capital Management LLC increased its stake in Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after acquiring an additional 416,095 shares during the last quarter. Norges Bank bought a new stake in Mastercard in the 4th quarter worth approximately $1,701,899,000. Baillie Gifford & Co. increased its stake in Mastercard by 3.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,891,766 shares of the credit services provider’s stock worth $1,111,481,000 after acquiring an additional 213,000 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Mastercard by 7.2% during the 4th quarter. Legal & General Group Plc now owns 4,455,054 shares of the credit services provider’s stock valued at $840,377,000 after purchasing an additional 299,751 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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