Mastercard Incorporated (NYSE:MA) Insider Sells $3,328,555.40 in Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, June 12th, Craig Vosburg sold 9,428 shares of Mastercard stock. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04.
• On Thursday, June 5th, Craig Vosburg sold 14,051 shares of Mastercard stock. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55.

Mastercard Trading Up 2.8%

NYSE MA traded up $15.34 on Tuesday, hitting $557.69. The company's stock had a trading volume of 4,501,745 shares, compared to its average volume of 2,658,402. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The company's 50-day simple moving average is $561.13 and its 200 day simple moving average is $545.00. The firm has a market cap of $508.45 billion, a P/E ratio of 39.11, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The business's revenue was up 14.2% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Analyst Ratings Changes

Several equities analysts have recently commented on MA shares. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price of $610.00.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $31,000. Finally, Keystone Global Partners LLC purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

About Mastercard

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.