Mastercard (NYSE:MA) Shares Down 0.4% After Insider Selling

Mastercard Incorporated (NYSE:MAGet Free Report)’s share price was down 0.4% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $441.80 and last traded at $443.47. Approximately 359,670 shares changed hands during trading, a decline of 85% from the average daily volume of 2,406,836 shares. The stock had previously closed at $445.08.

Specifically, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the sale, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold 1,873,908 shares of company stock worth $850,712,628 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. TD Cowen started coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Piper Sandler started coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Raymond James boosted their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Royal Bank of Canada raised their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, KeyCorp upped their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Get Our Latest Analysis on Mastercard

Mastercard Stock Performance

The company’s fifty day simple moving average is $461.19 and its two-hundred day simple moving average is $446.92. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $410.80 billion, a P/E ratio of 35.13, a PEG ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC grew its stake in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC increased its holdings in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP boosted its position in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC lifted its holdings in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC raised its holdings in Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after buying an additional 23 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

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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.

Further Reading

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