Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells $4,072,169.68 in Stock

Mastercard Incorporated (NYSE:MA) insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Craig Vosburg also recently made the following trade(s):

• On Wednesday, June 5th, Craig Vosburg sold 9,028 shares of Mastercard stock. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84.

Mastercard Stock Performance

Mastercard stock opened at $454.85 on Monday. The business has a 50 day moving average of $452.30 and a 200-day moving average of $452.16. The company has a market capitalization of $422.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 1.77 and a beta of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP raised its holdings in Mastercard by 81.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 1,171 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 524 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Mastercard by 11.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,236 shares of the credit services provider’s stock worth $1,281,000 after buying an additional 330 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Mastercard by 29.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,396 shares of the credit services provider’s stock valued at $2,532,000 after buying an additional 1,458 shares during the period. Operose Advisors LLC boosted its position in Mastercard by 26.7% during the third quarter. Operose Advisors LLC now owns 551 shares of the credit services provider’s stock valued at $218,000 after acquiring an additional 116 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in Mastercard by 20.1% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 466,538 shares of the credit services provider’s stock worth $184,707,000 after acquiring an additional 78,000 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MA shares. Barclays dropped their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Mizuho reduced their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.