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

Mastercard logo with Business Services background

Mastercard Incorporated (NYSE:MA - Get Free Report) Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director 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 sale was disclosed in a filing with the SEC, which is available through this link.

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

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

Mastercard Stock Performance

Shares of NYSE MA traded down $2.35 during mid-day trading on Tuesday, hitting $562.77. The company had a trading volume of 3,083,832 shares, compared to its average volume of 2,671,487. 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 business's 50-day simple moving average is $567.45 and its 200-day simple moving average is $547.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm has a market cap of $513.08 billion, a P/E ratio of 39.46, a PEG ratio of 2.47 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. The firm's revenue was up 14.2% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. UBS Group increased their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

View Our Latest Stock Analysis on MA

Institutional Investors Weigh In On Mastercard

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

About Mastercard

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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