J. Mehra Sachin Sells 17,263 Shares of Mastercard (NYSE:MA) Stock

Key Points

• Mastercard's CFO, J. Mehra Sachin, sold 17,263 shares at an average price of $591.00, totaling over $10.2 million, which reduced his holdings by 35.60% to 31,234 shares.
• The company's recent quarterly earnings reported $4.15 earnings per share (EPS), surpassing analysts' expectations of $4.05, with revenue increasing 16.8% year-over-year to $8.13 billion.
• Mastercard announced a quarterly dividend of $0.76, reflecting an annualized yield of 0.5% and a dividend payout ratio of 20.50%.

Mastercard Incorporated (NYSE:MA - Get Free Report) CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J. Mehra Sachin also recently made the following trade(s):

• On Tuesday, August 19th, J. Mehra Sachin sold 17,816 shares of Mastercard stock. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24.

Mastercard Stock Performance

MA stock traded down $11.43 during trading on Friday, reaching $584.21. 2,432,106 shares of the company's stock were exchanged, compared to its average volume of 2,252,842. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company's fifty day moving average price is $572.59 and its 200-day moving average price is $557.52. The firm has a market cap of $528.13 billion, a PE ratio of 39.39, a P/E/G ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The firm's quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is 20.50%.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares during the period. Mascagni Wealth Management Inc. bought a new stake in Mastercard during the 4th quarter valued at approximately $73,000. Trustco Bank Corp N Y bought a new stake in Mastercard during the 4th quarter valued at approximately $211,000. Finally, Algert Global LLC boosted its stake in Mastercard by 12.2% during the 4th quarter. Algert Global LLC now owns 3,498 shares of the credit services provider's stock valued at $1,842,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MA shares. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $626.54.

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.