Mastercard Incorporated (NYSE:MA) CFO Sells $6,114,745.00 in Stock

Mastercard Incorporated (NYSE:MAGet Free Report) CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mastercard Trading Up 1.4 %

Shares of Mastercard stock traded up $6.30 during trading on Tuesday, reaching $448.30. 2,758,572 shares of the stock were exchanged, compared to its average volume of 2,524,883. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The firm has a market cap of $416.75 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock’s fifty day moving average is $446.30 and its 200 day moving average is $457.11.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup boosted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Mizuho cut their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Piper Sandler lifted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $507.55.

Read Our Latest Stock Report on MA

Hedge Funds Weigh In On Mastercard

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the period. Capital International Investors lifted its stake in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors boosted its position in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. Norges Bank purchased a new stake in Mastercard in the fourth quarter worth $4,595,559,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after purchasing an additional 107,953 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Company Profile

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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.

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

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