Mastercard (NYSE:MA) Insider J. Mehra Sachin Sells 7,444 Shares

Mastercard Incorporated (NYSE:MA) insider J. Mehra Sachin sold 7,444 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

J. Mehra Sachin also recently made the following trade(s):

• On Thursday, August 20th, J. Mehra Sachin sold 1,000 shares of Mastercard stock. The stock was sold at an average price of $572.07, for a total transaction of $572,070.00.
• On Wednesday, August 5th, J. Mehra Sachin sold 3,000 shares of Mastercard stock. The shares were sold at an average price of $571.87, for a total value of $1,715,610.00.

Mastercard Stock Up 0.1%

NYSE:MA traded up $0.61 during trading hours on Thursday, reaching $574.33. 2,612,550 shares of the stock were exchanged, compared to its average volume of 3,690,343. The firm has a 50 day moving average of $535.21 and a 200 day moving average of $517.37. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $503.12 billion, a PE ratio of 31.59, a PEG ratio of 1.73 and a beta of 0.72. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the firm earned $4.15 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio is presently 19.14%.

Analyst Ratings Changes

Several brokerages have recently commented on MA. Piper Sandler began coverage on Mastercard in a research note on Monday, June 29th. They set an “overweight” rating and a $597.00 target price for the company. Loop Capital reissued a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research report on Wednesday, June 3rd. TD Cowen boosted their price objective on Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Barclays raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Truist Financial lifted their price objective on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $661.93.

Institutional Investors Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 742.9% during the second quarter. Proficio Capital Partners LLC now owns 3,498 shares of the credit services provider’s stock worth $1,796,000 after purchasing an additional 3,083 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Mastercard by 0.7% in the second quarter. Community Bank & Trust Waco Texas now owns 3,000 shares of the credit services provider’s stock valued at $1,541,000 after buying an additional 21 shares during the period. Nwam LLC boosted its position in shares of Mastercard by 18.3% during the 2nd quarter. Nwam LLC now owns 5,892 shares of the credit services provider’s stock valued at $3,026,000 after purchasing an additional 912 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $219,000. Finally, Rehmann Capital Advisory Group boosted its stake in Mastercard by 2.7% during the second quarter. Rehmann Capital Advisory Group now owns 8,446 shares of the credit services provider’s stock worth $4,335,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.