Mastercard Incorporated (NYSE:MA – Get Free Report) Director Julius Genachowski sold 371 shares of the business’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $585.01, for a total value of $217,038.71. Following the completion of the transaction, the director directly owned 8,607 shares in the company, valued at approximately $5,035,181.07. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Julius Genachowski also recently made the following trade(s):
- On Monday, October 12th, Julius Genachowski sold 370 shares of Mastercard stock. The shares were sold at an average price of $590.21, for a total value of $218,377.70.
Mastercard Trading Up 1.7%
Shares of Mastercard stock opened at $604.95 on Wednesday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $605.60. The firm has a market cap of $529.94 billion, a PE ratio of 33.28, a P/E/G ratio of 1.70 and a beta of 0.76. The stock has a fifty day moving average price of $573.44 and a 200-day moving average price of $532.76. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06.
Mastercard Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.
Analysts Set New Price Targets
Several equities analysts recently commented on MA shares. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, August 21st. KeyCorp raised their target price on Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Clear Str raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded Mastercard from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $701.00 price target (up from $674.00) on shares of Mastercard in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $681.56.
Check Out Our Latest Report on Mastercard
Hedge Funds Weigh In On Mastercard
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Border to Coast Pensions Partnership Ltd raised its holdings in Mastercard by 7.3% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after acquiring an additional 9,504 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after acquiring an additional 1,434 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Mastercard by 105.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 12,834 shares of the credit services provider’s stock worth $6,412,000 after acquiring an additional 6,576 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Mastercard by 5.3% in the second quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock worth $850,004,000 after acquiring an additional 82,793 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in shares of Mastercard by 50.1% in the first quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock worth $6,996,000 after acquiring an additional 4,675 shares during the period. Institutional investors own 97.28% of the company’s stock.
More Mastercard News
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Technical analysts say Mastercard may be approaching a long-term breakout after moving above key buy points and extending a multi-session winning streak. This is attracting momentum-oriented investors. Why the charts are signaling that Mastercard could be poised for a long-term breakout
- Positive Sentiment: Investors are anticipating Mastercard’s third-quarter results later this month, with analysts expecting double-digit earnings growth. The company’s latest reported quarter also exceeded consensus estimates for both earnings and revenue. Here’s What to Expect From Mastercard Incorporated’s Next Earnings Report
- Positive Sentiment: Mastercard is broadening its payments ecosystem through a crypto-linked card program with SoFi Tech Solutions and Orbi in Mexico. The program allows customers to spend crypto or fiat while merchants receive traditional currency, potentially increasing Mastercard network usage. Does Mastercard Using Orbi’s Crypto Card in Mexico Hint at a Deeper Network Strategy?
- Positive Sentiment: New digital-asset initiatives, including an Open USD stablecoin on Solana for cross-border payments, reinforce Mastercard’s strategy of participating in blockchain-based settlement and international commerce. Mastercard launches Open USD stablecoin on Solana for cross-border payments
- Positive Sentiment: Mastercard announced an Africa cybersecurity center and partnered with WEX on an Asia-Pacific fleet-payments network projected to process billions of dollars in annual transactions, supporting longer-term growth in commercial and emerging-market payments. WEX and Mastercard partner to unify fleet payments across Asia-Pacific
- Neutral Sentiment: Director Julius Genachowski sold shares in two transactions under a pre-arranged Rule 10b5-1 plan. The sales modestly reduced his holdings but are less concerning because they were scheduled in advance. Mastercard SEC Form 4 insider transaction
- Negative Sentiment: Mastercard and Visa face a reported £700 million class action in the United Kingdom related to post-Brexit fees, creating a potential legal and financial overhang. Visa and Mastercard face £700m class action over post-Brexit fees
About Mastercard
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
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