MasterCard Inc. (MA) Insider Ann Cairns Sells 26,630 Shares of Stock
MasterCard Inc. (NYSE:MA) insider Ann Cairns sold 26,630 shares of MasterCard stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now owns 58,721 shares in the company, valued at approximately $5,977,210.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of MasterCard Inc. (NYSE:MA) opened at 102.25 on Monday. The company’s 50-day moving average price is $99.34 and its 200-day moving average price is $95.75. The company has a market capitalization of $112.24 billion, a price-to-earnings ratio of 29.99 and a beta of 1.18. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $103.49.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted $0.85 earnings per share. MasterCard’s quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s payout ratio is currently 22.35%.
Institutional investors have recently bought and sold shares of the company. Catawba Capital Management VA boosted its stake in shares of MasterCard by 1.3% in the third quarter. Catawba Capital Management VA now owns 48,740 shares of the company’s stock worth $4,960,000 after buying an additional 640 shares in the last quarter. Telemus Capital LLC boosted its stake in shares of MasterCard by 9.2% in the third quarter. Telemus Capital LLC now owns 34,565 shares of the company’s stock worth $3,518,000 after buying an additional 2,903 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of MasterCard by 1.5% in the third quarter. Fulton Bank N.A. now owns 5,907 shares of the company’s stock worth $601,000 after buying an additional 85 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of MasterCard by 44.0% in the third quarter. Eqis Capital Management Inc. now owns 29,369 shares of the company’s stock worth $2,989,000 after buying an additional 8,978 shares in the last quarter. Finally, Washington Trust Bank boosted its stake in shares of MasterCard by 1.7% in the third quarter. Washington Trust Bank now owns 10,508 shares of the company’s stock worth $1,069,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.
MA has been the topic of a number of research analyst reports. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a report on Friday, August 12th. Nomura lifted their price target on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Barclays PLC lifted their price target on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Pacific Crest set a $110.00 price target on MasterCard and gave the company a “buy” rating in a report on Wednesday, September 14th. Finally, Citigroup Inc. boosted their target price on MasterCard from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $109.71.
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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