Mastercard Incorporated (NYSE:MA – Get Free Report) insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00.
Mastercard Price Performance
MA opened at $539.00 on Friday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company’s 50 day simple moving average is $497.34 and its 200 day simple moving average is $518.82. The stock has a market capitalization of $476.25 billion, a PE ratio of 31.19, a P/E/G ratio of 1.63 and a beta of 0.73. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.
Mastercard Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on MA shares. Piper Sandler assumed coverage on Mastercard in a report on Monday. They issued an “overweight” rating and a $597.00 target price on the stock. TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a report on Thursday, March 19th. Finally, Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $653.81.
View Our Latest Analysis on Mastercard
Mastercard News Roundup
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard expanded its global payments strategy through a new partnership with VEON to improve accessible financial services across Ukraine, Kazakhstan, Pakistan and Uzbekistan, which could support long-term transaction growth and network usage. VEON and Mastercard Join Forces to Accelerate Accessibility of Financial Services
- Positive Sentiment: Mastercard also announced cybersecurity-related initiatives in Africa, reinforcing its brand with governments and potentially strengthening trust in its payment infrastructure over time. Mastercard partners govts to protect Africa’s cyberspace
- Positive Sentiment: Analysts remain constructive, with coverage noting Mastercard’s strong history of beating earnings estimates and suggesting it may post another upside surprise next quarter. Will MasterCard (MA) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Piper Sandler upgraded Mastercard to strong-buy, a vote of confidence that can help support the valuation. Mastercard upgraded by Piper Sandler
- Neutral Sentiment: Insider Raj Seshadri sold shares under a pre-arranged Rule 10b5-1 plan. The sales are worth noting, but they do not necessarily signal negative fundamentals. SEC filing for insider sale
- Neutral Sentiment: Broader commentary on stablecoins and Visa’s Open USD push highlights increasing competition and change in payments, but the articles frame Mastercard as well-positioned rather than under immediate pressure. Visa, Mastercard and 140 firms launch Open USD
Hedge Funds Weigh In On Mastercard
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. increased its holdings in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the fourth quarter worth $29,000. Robinswood Financial LLC acquired a new stake in Mastercard in the first quarter valued at $25,000. Finally, Foster Dykema Cabot & Partners LLC boosted its stake in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Company Profile
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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