Mastercard (NYSE:MA) Insider Sells 1,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) insider J. Mehra Sachin sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $572.07, for a total transaction of $572,070.00. Following the transaction, the insider owned 39,916 shares in the company, valued at $22,834,746.12. This represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Mehra Sachin also recently made the following trade(s):

• On Wednesday, August 19th, J. Mehra Sachin sold 7,444 shares of Mastercard stock. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72.
• On Wednesday, August 5th, J. Mehra Sachin sold 3,000 shares of Mastercard stock. The shares were sold at an average price of $571.87, for a total transaction of $1,715,610.00.

Mastercard Stock Performance

Mastercard stock traded up $0.61 during midday trading on Thursday, reaching $574.33. 2,612,550 shares of the company traded hands, compared to its average volume of 3,690,343. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average of $535.21 and a two-hundred day moving average of $517.37. The firm has a market capitalization of $503.12 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.15 EPS. As a group, research analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is presently 19.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. KeyCorp increased their target price on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley increased their price objective on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Loop Capital reissued a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $632.00 target price on shares of Mastercard in a research report on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus target price of $661.93.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Robinswood Financial LLC bought a new position in shares of Mastercard during the 1st quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 acquiring an additional 41 shares during the period. Strive Financial Group LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard during the fourth quarter valued at approximately $29,000. Finally, First Pacific Financial boosted its position in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 33 shares during the period. Institutional investors own 97.28% of the company’s stock.

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.