Linda Pistecchia Kirkpatrick Sells 958 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider now directly owns 24,582 shares of the company's stock, valued at approximately $13,765,920. The trade was a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Linda Pistecchia Kirkpatrick also recently made the following trade(s):

• On Friday, June 13th, Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock. The shares were sold at an average price of $572.86, for a total value of $549,372.74.

Mastercard Trading Down 0.5%

Shares of NYSE:MA traded down $2.99 during mid-day trading on Thursday, hitting $546.71. The company had a trading volume of 3,758,991 shares, compared to its average volume of 2,664,221. The company has a market capitalization of $498.44 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm has a fifty day moving average price of $561.86 and a 200 day moving average price of $545.04. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard's dividend payout ratio is 21.32%.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MA. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the 4th quarter worth approximately $31,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $32,000. 97.28% of the stock is owned by institutional investors.

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.

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