Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 958 Shares of Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, June 24th, Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock. The stock was sold at an average price of $560.00, for a total value of $536,480.00.
• On Friday, June 13th, Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock. The stock was sold at an average price of $572.86, for a total value of $549,372.74.

Mastercard Stock Performance

Shares of MA traded down $4.29 during trading hours on Wednesday, reaching $560.32. 1,469,718 shares of the company's stock traded hands, compared to its average volume of 2,669,087. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The business's fifty day simple moving average is $564.92 and its two-hundred day simple moving average is $545.89. 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 market capitalization of $510.85 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Institutional Trading of Mastercard

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Mastercard during the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC grew its stake in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP lifted its stake in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Mastercard during the fourth quarter worth approximately $837,017,000. 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.