Mastercard Incorporated (NYSE:MA) Insider Craig Vosburg Sells 14,051 Shares

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Craig Vosburg sold 14,051 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mastercard Stock Up 0.8%

NYSE:MA traded up $4.59 during midday trading on Friday, reaching $590.03. 1,528,267 shares of the stock traded hands, compared to its average volume of 2,598,780. The stock has a market capitalization of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $590.92. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average of $546.65 and a two-hundred day moving average of $541.24.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $31,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the 4th quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter worth $32,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MA shares. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Truist Financial began coverage on shares of Mastercard in a research note on Monday. They set a "buy" rating and a $640.00 price target for the company. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

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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