MasterCard Inc. (MA) Director Richard Haythornthwaite Sells 5,000 Shares
MasterCard Inc. (NYSE:MA) Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total transaction of $508,900.00. Following the transaction, the director now owns 52,423 shares of the company’s stock, valued at $5,335,612.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
MasterCard Inc. (NYSE:MA) opened at 102.25 on Monday. The stock has a market capitalization of $112.24 billion, a P/E ratio of 29.99 and a beta of 1.18. The company has a 50 day moving average of $99.34 and a 200-day moving average of $95.75. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $103.49.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. MasterCard’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Equities research analysts anticipate that MasterCard Inc. will post $3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. MasterCard’s dividend payout ratio (DPR) is 22.35%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in MasterCard during the first quarter worth approximately $106,000. Seven Bridges Advisors LLC purchased a new position in MasterCard during the second quarter worth approximately $109,000. Hanson McClain Inc. boosted its position in MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in MasterCard during the second quarter worth approximately $125,000. Finally, Societe Generale purchased a new position in MasterCard during the second quarter worth approximately $135,000. 75.13% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Vetr downgraded shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a research report on Monday, October 3rd. Zacks Investment Research upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, September 28th. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the company a “buy” rating in a report on Wednesday, September 14th. Bank of America Corp. set a $103.00 price objective on shares of MasterCard and gave the company a “hold” rating in a report on Thursday, September 8th. Finally, Argus reaffirmed a “hold” rating on shares of MasterCard in a report on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $109.71.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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