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

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.

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

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.

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