Mastercard (NYSE:MA) Director Julius Genachowski Sells 371 Shares of Stock

Key Points

• Director Julius Genachowski sold 371 Mastercard shares at an average price of $585.01, generating $217,038.71; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 4.13%.
• Mastercard shares reached $604.95, near their 52-week high, while the company’s latest quarterly results beat analyst expectations with $5.04 in EPS and $9.28 billion in revenue.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $681.56; Mastercard also declared a quarterly dividend of $0.87 per share.

Mastercard Incorporated (NYSE:MA - Get Free Report) Director Julius Genachowski sold 371 shares of the company's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71. Following the completion of the transaction, the director owned 8,607 shares of the company's stock, valued at $5,035,181.07. This represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Julius Genachowski also recently made the following trade(s):

• On Monday, October 12th, Julius Genachowski sold 370 shares of Mastercard stock. The stock was sold at an average price of $590.21, for a total value of $218,377.70.

Mastercard Stock Performance

Shares of MA traded up $9.86 during midday trading on Tuesday, reaching $604.95. 3,661,370 shares of the stock were exchanged, compared to its average volume of 3,513,559. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $605.60. 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 company has a market capitalization of $529.94 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.68 and a beta of 0.76. The business's 50-day moving average price is $572.76 and its 200 day moving average price is $532.04.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The business's revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.15 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 19.90 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard's payout ratio is currently 19.14%.

Institutional Trading of Mastercard

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Mastercard by 1.3% in the second quarter. State Street Corp now owns 36,964,305 shares of the credit services provider's stock valued at $18,984,867,000 after buying an additional 486,283 shares in the last quarter. Jennison Associates LLC raised its position in Mastercard by 10.4% in the first quarter. Jennison Associates LLC now owns 5,123,041 shares of the credit services provider's stock worth $2,559,779,000 after acquiring an additional 480,725 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Mastercard by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider's stock worth $2,111,216,000 after acquiring an additional 42,871 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Mastercard by 17.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,666,018 shares of the credit services provider's stock worth $1,831,763,000 after acquiring an additional 554,366 shares in the last quarter. Finally, Amundi lifted its holdings in Mastercard by 5.8% in the second quarter. Amundi now owns 3,626,416 shares of the credit services provider's stock valued at $1,862,527,000 after acquiring an additional 199,424 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Analysts expect Mastercard’s upcoming third-quarter report to show double-digit earnings growth. The company’s latest quarter already exceeded consensus estimates for both earnings and revenue, supporting expectations for continued operating momentum. Here’s What to Expect From Mastercard Incorporated’s Next Earnings Report
• Positive Sentiment: Mastercard launched a stablecoin on Solana for cross-border payments and is reportedly pursuing additional stablecoin-related opportunities. These initiatives could strengthen its position in faster digital settlement and blockchain-based payments. Mastercard Launches Open USD Stablecoin on Solana for Cross-Border Payments
• Positive Sentiment: The company announced an Africa Cybersecurity Center of Excellence and a cyber-resilience initiative, while its partnership with WEX is creating a unified fleet-payments network across Asia-Pacific. The programs expand Mastercard’s commercial, security and emerging-market payment opportunities. Why Is Mastercard Expanding Into Africa Cybersecurity and Asia Pacific Fleet Payments?
• Positive Sentiment: Mastercard remains included among leading mobile-payments stocks as digital wallets account for a growing share of global online spending. Its crypto-backed card partnership in Mexico also connects digital assets with Mastercard’s existing payment rails. Top Mobile Payments Stocks to Buy as Digital Wallet Adoption Soars
• Neutral Sentiment: Visa’s progress toward establishing a domestic bankcard-clearing institution in China highlights growth potential in the market, but also underscores competitive pressure for Mastercard. Visa Stock Has Caught Wall Street’s Attention
• Negative Sentiment: Mastercard and Visa face a £700 million U.K. class-action claim related to post-Brexit fees. Although the financial impact remains uncertain, the litigation creates a regulatory and potential liability overhang. Visa and Mastercard Face £700m Class Action

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Piper Sandler lifted their target price on shares of Mastercard from $597.00 to $710.00 and gave the company an "overweight" rating in a report on Friday, July 31st. BNP Paribas Exane upped their price target on shares of Mastercard from $680.00 to $713.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Rothschild & Co Redburn decreased their price target on shares of Mastercard from $710.00 to $688.00 and set a "buy" rating for the company in a research note on Wednesday, September 2nd. Raymond James Financial reissued an "outperform" rating and set a $632.00 price objective (up from $609.00) on shares of Mastercard in a research report on Friday, July 31st. Finally, KeyCorp lifted their price objective on shares of Mastercard from $670.00 to $680.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $681.56.

Mastercard Company Profile

Mastercard Incorporated NYSE: MA is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard's products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.