Mastercard Incorporated (NYSE:MA) Insider Sells $4,646,471.04 in Stock

Mastercard Incorporated (NYSE:MA) insider Edward Grunde Mclaughlin sold 13,248 shares of the business’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $350.73, for a total value of $4,646,471.04. Following the transaction, the insider now owns 38,447 shares of the company’s stock, valued at approximately $13,484,516.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MA stock opened at $346.33 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $345.27 billion, a price-to-earnings ratio of 51.92, a P/E/G ratio of 3.09 and a beta of 1.19. Mastercard Incorporated has a 12 month low of $199.99 and a 12 month high of $367.25. The firm has a 50 day moving average of $341.65 and a two-hundred day moving average of $329.50.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, October 28th. The credit services provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.05). Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.94 billion. On average, research analysts expect that Mastercard Incorporated will post 6.35 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a share buyback program on Tuesday, December 8th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 9th. Stockholders of record on Friday, January 8th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Mastercard’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, January 7th. Mastercard’s payout ratio is presently 22.65%.

A number of equities research analysts have weighed in on MA shares. Barclays reissued a “buy” rating and issued a $320.00 price target on shares of Mastercard in a report on Tuesday, December 22nd. Seaport Global Securities initiated coverage on Mastercard in a report on Monday, December 7th. They issued a “buy” rating and a $370.00 price target on the stock. KeyCorp reduced their price objective on Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Morgan Stanley lifted their target price on Mastercard from $338.00 to $359.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Finally, Jefferies Financial Group upgraded Mastercard from a “hold” rating to a “buy” rating and increased their price target for the company from $315.00 to $415.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and an average target price of $352.18.

Several institutional investors have recently modified their holdings of MA. United Bank lifted its stake in shares of Mastercard by 53.2% in the second quarter. United Bank now owns 2,344 shares of the credit services provider’s stock worth $693,000 after buying an additional 814 shares during the last quarter. Principal Financial Group Inc. raised its stake in Mastercard by 10.9% during the 2nd quarter. Principal Financial Group Inc. now owns 2,696,071 shares of the credit services provider’s stock valued at $797,228,000 after purchasing an additional 265,070 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in Mastercard by 84.3% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,976 shares of the credit services provider’s stock valued at $1,472,000 after purchasing an additional 2,276 shares during the last quarter. Wealthsource Partners LLC raised its stake in Mastercard by 28.8% during the 2nd quarter. Wealthsource Partners LLC now owns 2,578 shares of the credit services provider’s stock valued at $762,000 after purchasing an additional 577 shares during the last quarter. Finally, Bluefin Trading LLC acquired a new position in Mastercard during the 2nd quarter valued at $404,000. Institutional investors and hedge funds own 67.87% of the company’s stock.

About Mastercard

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.

See Also: Does the Dogs of the Dow strategy work?

Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.