Mastercard (NYSE:MA) Trading Down 3.2% - Should You Sell?

Mastercard Incorporated (NYSE:MA - Get Free Report)'s share price traded down 3.2% during mid-day trading on Wednesday . The stock traded as low as $555.26 and last traded at $551.33. 1,328,005 shares were traded during trading, a decline of 49% from the average session volume of 2,613,874 shares. The stock had previously closed at $569.45.

Analyst Ratings Changes

Several research firms have issued reports on MA. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. 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.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Trading Down 5.4%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company's 50-day moving average is $558.05 and its 200-day moving average is $544.46. The stock has a market capitalization of $490.91 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.48 and a beta of 1.05.

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

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock worth $23,166,463 in the last three months. 0.09% of the stock is owned by company insiders.

Institutional Trading of Mastercard

A number of large investors have recently bought and sold shares of MA. NewSquare Capital LLC acquired a new position in Mastercard during the 4th quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter worth $31,000. Finally, Keystone Global Partners LLC purchased a new position in Mastercard in the first quarter worth $31,000. Institutional investors and hedge funds 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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