Mastercard Incorporated (NYSE:MA) Insider Sells $5,545,361.04 in Stock

Mastercard Incorporated (NYSE:MA) insider Craig Vosburg sold 9,428 shares of the 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 directly owns 58,451 shares in the company, valued at $34,379,709.18. This represents a 13.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Craig Vosburg also recently made the following trade(s):

• On Thursday, June 5th, Craig Vosburg sold 14,051 shares of Mastercard stock. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55.

Mastercard Stock Up 1.2%

MA opened at $568.52 on Tuesday. The business’s 50-day simple moving average is $556.98 and its 200-day simple moving average is $544.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The stock has a market capitalization of $518.32 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently added to or reduced their stakes in MA. Brighton Jones LLC increased its position in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Mastercard in the 4th quarter valued at about $83,644,000. Van ECK Associates Corp increased its position in Mastercard by 3.8% in the 4th quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider’s stock valued at $97,246,000 after acquiring an additional 6,781 shares during the period. Naples Global Advisors LLC increased its position in Mastercard by 1.1% in the 4th quarter. Naples Global Advisors LLC now owns 2,019 shares of the credit services provider’s stock valued at $1,063,000 after acquiring an additional 21 shares during the period. Finally, Buckhead Capital Management LLC boosted its holdings in Mastercard by 0.6% in the 4th quarter. Buckhead Capital Management LLC now owns 3,140 shares of the credit services provider’s stock valued at $1,653,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. Seven investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Company Profile

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.