Mastercard Inc (NYSE:MA) Director Steven J. Freiberg sold 4,230 shares of Mastercard stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total value of $1,285,835.40. Following the completion of the transaction, the director now owns 5,376 shares in the company, valued at $1,634,196.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE:MA traded down $3.56 during midday trading on Wednesday, hitting $299.77. The company’s stock had a trading volume of 5,133,962 shares, compared to its average volume of 4,401,321. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87. The stock’s 50 day simple moving average is $271.33 and its 200 day simple moving average is $287.98. Mastercard Inc has a fifty-two week low of $199.99 and a fifty-two week high of $347.25. The stock has a market capitalization of $304.46 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 3.35 and a beta of 1.06.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that Mastercard Inc will post 6.4 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Wealth Quarterback LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $33,000. Pacific Center for Financial Services lifted its position in Mastercard by 582.4% in the 1st quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 99 shares in the last quarter. 1776 Wealth LLC bought a new stake in Mastercard in the 1st quarter valued at $28,000. Sound Income Strategies LLC lifted its position in Mastercard by 70.5% in the 1st quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 55 shares in the last quarter. Finally, Samalin Investment Counsel LLC bought a new stake in Mastercard in the 4th quarter valued at $41,000. 73.87% of the stock is owned by institutional investors.
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 related products and services.
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