Insider Selling: Mastercard (NYSE:MA) Insider Sells 4,828 Shares of Stock

Mastercard Incorporated (NYSE:MAGet Free Report) insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares in the company, valued at $8,625,225. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Thursday, July 2nd, Raj Seshadri sold 1,977 shares of Mastercard stock. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21.

Mastercard Stock Up 3.2%

Shares of MA traded up $16.56 during trading hours on Thursday, reaching $539.00. 3,888,904 shares of the stock traded hands, compared to its average volume of 3,881,398. 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 fifty day simple moving average of $496.78 and a 200 day simple moving average of $519.05. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a market cap of $476.25 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.60 and a beta of 0.73.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

  • Positive Sentiment: Analysts and Zacks-style screens say Mastercard has a strong track record of earnings beats and appears well positioned to top expectations again in its upcoming quarterly report.
  • Positive Sentiment: Mastercard announced a strategic partnership with VEON to expand accessible and inclusive digital financial services across Ukraine, Kazakhstan, Pakistan and Uzbekistan, reinforcing long-term growth opportunities in emerging markets. VEON and Mastercard Join Forces to Accelerate Accessibility of Financial Services
  • Positive Sentiment: Piper Sandler upgraded Mastercard from “overweight” to “strong-buy,” signaling improving analyst confidence in the company’s fundamentals and growth outlook.
  • Neutral Sentiment: Coverage comparing Mastercard with Visa and commentary on payments/stablecoin trends is broadly favorable for the sector, but it does not point to a direct near-term catalyst specific to Mastercard.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Bank of America initiated coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Susquehanna reduced their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a research report on Thursday, March 19th. Finally, TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $653.81.

Check Out Our Latest Analysis on MA

Institutional Trading of Mastercard

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC boosted its stake in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in Mastercard during the 2nd quarter valued at about $431,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

(Get Free Report)

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.

Further Reading

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