Mastercard Incorporated (NYSE:MA) Director Julius Genachowski Sells 312 Shares

Mastercard Incorporated (NYSE:MA - Get Free Report) Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 24th, Julius Genachowski sold 310 shares of Mastercard stock. The shares were sold at an average price of $561.00, for a total value of $173,910.00.

Mastercard Stock Up 0.0%

Shares of MA traded up $0.07 during trading hours on Wednesday, hitting $561.75. The stock had a trading volume of 449,338 shares, compared to its average volume of 2,850,653. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $567.91 and a 200-day simple moving average of $547.21. The firm has a market capitalization of $512.15 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

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 for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

Hedge Funds Weigh In On Mastercard

Several hedge funds have recently modified their holdings of the company. Accredited Investors Inc. lifted its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares during the last quarter. Founders Financial Alliance LLC increased its stake in shares of Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after purchasing an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC increased its stake in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after purchasing an additional 19 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC increased its stake in shares of Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MA. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. KeyCorp increased their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Seven investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Company Profile

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.