Traders Sell Mastercard (MA) on Strength on Insider Selling

Traders sold shares of Mastercard (NYSE:MA) on strength during trading hours on Tuesday following insider selling activity. $96.94 million flowed into the stock on the tick-up and $141.51 million flowed out of the stock on the tick-down, for a money net flow of $44.57 million out of the stock. Of all stocks tracked, Mastercard had the 21st highest net out-flow for the day. Mastercard traded up $1.93 for the day and closed at $182.51Specifically, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,745 shares of company stock valued at $9,222,084. Insiders own 0.30% of the company’s stock.

Several equities analysts have recently commented on the stock. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research note on Thursday, January 11th. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $177.40.

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The firm has a market capitalization of $191,930.16, a price-to-earnings ratio of 50.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. equities analysts forecast that Mastercard will post 5.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 27.40%.

Mastercard announced that its board has approved a share buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several large investors have recently bought and sold shares of MA. TIAA FSB purchased a new stake in shares of Mastercard during the second quarter valued at approximately $10,324,000. MML Investors Services LLC grew its holdings in shares of Mastercard by 13.9% during the second quarter. MML Investors Services LLC now owns 29,415 shares of the credit services provider’s stock valued at $3,573,000 after buying an additional 3,587 shares during the last quarter. FIL Ltd grew its holdings in shares of Mastercard by 169.4% during the second quarter. FIL Ltd now owns 917,426 shares of the credit services provider’s stock valued at $111,421,000 after buying an additional 576,895 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Mastercard by 1.7% during the second quarter. California Public Employees Retirement System now owns 2,225,700 shares of the credit services provider’s stock valued at $270,311,000 after buying an additional 37,500 shares during the last quarter. Finally, Wealthfront Inc. grew its holdings in shares of Mastercard by 20.0% during the second quarter. Wealthfront Inc. now owns 31,460 shares of the credit services provider’s stock valued at $3,821,000 after buying an additional 5,254 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

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Mastercard Company Profile

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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