Richard Haythornthwaite Sells 5,000 Shares of Mastercard Inc (NYSE:MA) Stock

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Mastercard Inc (NYSE:MA) Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total value of $1,536,450.00. Following the sale, the director now owns 32,573 shares of the company’s stock, valued at $10,009,357.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE MA opened at $308.53 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.87 and a debt-to-equity ratio of 1.92. The company has a fifty day simple moving average of $301.05 and a two-hundred day simple moving average of $291.69. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $347.25. The stock has a market cap of $310.16 billion, a P/E ratio of 42.67, a P/E/G ratio of 3.82 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.89 earnings per share. The firm’s revenue was down 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Inc will post 6.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

Several institutional investors have recently modified their holdings of the stock. Strategic Blueprint LLC raised its holdings in shares of Mastercard by 2.5% during the second quarter. Strategic Blueprint LLC now owns 1,414 shares of the credit services provider’s stock worth $418,000 after purchasing an additional 34 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in Mastercard by 1.8% in the second quarter. Keudell Morrison Wealth Management now owns 1,959 shares of the credit services provider’s stock valued at $579,000 after buying an additional 35 shares in the last quarter. Mitchell Sinkler & Starr PA increased its holdings in Mastercard by 0.8% in the second quarter. Mitchell Sinkler & Starr PA now owns 4,600 shares of the credit services provider’s stock valued at $1,360,000 after buying an additional 35 shares in the last quarter. 10 15 Associates Inc. increased its holdings in Mastercard by 2.9% in the second quarter. 10 15 Associates Inc. now owns 1,233 shares of the credit services provider’s stock valued at $365,000 after buying an additional 35 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Mastercard by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,987 shares of the credit services provider’s stock valued at $1,688,000 after buying an additional 38 shares in the last quarter. 73.87% of the stock is owned by hedge funds and other institutional investors.

MA has been the subject of several research analyst reports. Wedbush lifted their target price on Mastercard from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Goldman Sachs Group began coverage on Mastercard in a report on Tuesday, July 14th. They issued a “buy” rating and a $364.00 price objective for the company. Raymond James lifted their price objective on Mastercard from $301.00 to $351.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley lifted their price objective on Mastercard from $311.00 to $315.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, KeyCorp lifted their price objective on Mastercard from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $331.97.

About Mastercard

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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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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