Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 9,428 Shares of Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the sale, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Stock Performance

Mastercard stock traded down $27.78 during trading hours on Friday, reaching $561.50. 5,902,461 shares of the stock were exchanged, compared to its average volume of 2,616,055. The stock has a market cap of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The firm's 50 day moving average is $555.17 and its 200 day moving average is $543.96.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $3.31 EPS. The business's revenue was up 14.2% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MA shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Seven research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Institutional Investors Weigh In On Mastercard

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. FMR LLC increased its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Geode Capital Management LLC boosted its position in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the period. Finally, Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

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.