Mastercard Incorporated (NYSE:MA - Get Free Report) insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mastercard Price Performance
Shares of NYSE:MA traded up $6.49 on Monday, hitting $568.52. The company had a trading volume of 3,107,510 shares, compared to its average volume of 2,618,016. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $518.32 billion, a PE ratio of 40.93, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The business has a 50 day moving average of $555.17 and a 200 day moving average of $544.04.
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 (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $3.31 EPS. The firm's quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mastercard
Several institutional investors and hedge funds have recently modified their holdings of MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the 1st quarter valued at about $31,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at about $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 97.28% of the company's stock.
Analyst Ratings Changes
MA has been the topic of a number of analyst reports. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Evercore ISI began 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. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.
Read Our Latest Report on MA
Mastercard Company Profile
(
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.
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