Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 4,000 Shares of Stock

Mastercard Incorporated (NYSE:MAGet Free Report) insider Ajay Bhalla sold 4,000 shares of Mastercard stock in a transaction on Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the completion of the transaction, the insider now owns 6,235 shares in the company, valued at $2,712,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ajay Bhalla also recently made the following trade(s):

  • On Monday, January 22nd, Ajay Bhalla sold 98 shares of Mastercard stock. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96.
  • On Wednesday, December 13th, Ajay Bhalla sold 4,000 shares of Mastercard stock. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00.

Mastercard Stock Performance

MA stock opened at $436.80 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24. The firm has a 50 day moving average of $420.72 and a two-hundred day moving average of $405.68. The company has a market capitalization of $409.62 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 1.94 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $340.21 and a 12 month high of $440.94.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, October 26th. The credit services provider reported $3.39 EPS for the quarter, beating the consensus estimate of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the prior year, the company earned $2.68 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 12.17 EPS for the current fiscal year.

Mastercard announced that its board has authorized a stock buyback program on Tuesday, December 5th that permits the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.66 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, January 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 23.00%.

Institutional Investors Weigh In On Mastercard

Large investors have recently made changes to their positions in the company. Naviter Wealth LLC grew its holdings in Mastercard by 31.1% during the 2nd quarter. Naviter Wealth LLC now owns 4,582 shares of the credit services provider’s stock worth $1,802,000 after acquiring an additional 1,087 shares during the last quarter. Mendel Money Management raised its holdings in shares of Mastercard by 1.8% in the second quarter. Mendel Money Management now owns 2,133 shares of the credit services provider’s stock valued at $839,000 after purchasing an additional 37 shares during the last quarter. ARS Wealth Advisors Group LLC raised its holdings in shares of Mastercard by 0.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 24,680 shares of the credit services provider’s stock valued at $9,707,000 after purchasing an additional 173 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of Mastercard by 5.9% in the second quarter. Klingman & Associates LLC now owns 7,433 shares of the credit services provider’s stock valued at $2,923,000 after buying an additional 411 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Mastercard in the second quarter valued at $1,196,000. Institutional investors own 74.94% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. Barclays dropped their price target on shares of Mastercard from $479.00 to $470.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. KeyCorp raised their price target on shares of Mastercard from $430.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Tigress Financial lifted their price objective on shares of Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 7th. Seaport Res Ptn reissued a “buy” rating on shares of Mastercard in a research note on Thursday, October 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $461.90.

Read Our Latest Analysis on Mastercard

Mastercard Company Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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