Mastercard Inc (NYSE:MA) insider Michael Miebach sold 4,205 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $325.00, for a total value of $1,366,625.00. Following the sale, the insider now owns 16,983 shares in the company, valued at approximately $5,519,475. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Michael Miebach also recently made the following trade(s):
- On Monday, January 13th, Michael Miebach sold 4,205 shares of Mastercard stock. The stock was sold at an average price of $315.00, for a total value of $1,324,575.00.
- On Wednesday, January 8th, Michael Miebach sold 4,205 shares of Mastercard stock. The stock was sold at an average price of $305.00, for a total value of $1,282,525.00.
- On Friday, December 13th, Michael Miebach sold 4,205 shares of Mastercard stock. The stock was sold at an average price of $295.10, for a total value of $1,240,895.50.
MA opened at $324.31 on Thursday. The stock has a market cap of $324.78 billion, a PE ratio of 43.68, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52 week low of $196.60 and a 52 week high of $326.79. The business’s fifty day simple moving average is $302.39 and its 200 day simple moving average is $282.92.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. As a group, equities analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.33. Mastercard’s dividend payout ratio is currently 24.65%.
Mastercard declared that its board has approved a share buyback plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ellevest Inc. grew its stake in shares of Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares during the last quarter. Howe & Rusling Inc. bought a new position in shares of Mastercard during the third quarter valued at about $29,000. Princeton Global Asset Management LLC bought a new position in shares of Mastercard during the second quarter valued at about $33,000. Candriam Luxembourg S.C.A. grew its stake in shares of Mastercard by 2.3% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 135,337 shares of the credit services provider’s stock valued at $40,000 after buying an additional 3,050 shares during the last quarter. Finally, First Command Bank grew its stake in shares of Mastercard by 96.3% during the fourth quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after buying an additional 79 shares during the last quarter. 74.40% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on MA. SunTrust Banks increased their price objective on Mastercard from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their price objective on Mastercard from $317.00 to $338.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Wells Fargo & Co increased their price objective on Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Monday, December 23rd. Finally, Compass Point began coverage on Mastercard in a research report on Thursday, December 5th. They issued a “buy” rating and a $330.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus target price of $323.29.
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.
