Insider Selling: Mastercard Inc (MA) General Counsel Sells 24,128 Shares of Stock

Mastercard Inc (NYSE:MA) General Counsel Timothy H. Murphy sold 24,128 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $112.25, for a total value of $2,708,368.00. Following the sale, the general counsel now owns 53,407 shares of the company’s stock, valued at approximately $5,994,935.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mastercard Inc (NYSE:MA) traded down 0.100% on Friday, reaching $114.475. 2,708,621 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $111.94 and a 200-day moving average of $107.09. The company has a market cap of $123.39 billion, a P/E ratio of 31.023 and a beta of 1.26. Mastercard Inc has a 12-month low of $86.65 and a 12-month high of $115.61.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, January 31st. The credit services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. Mastercard’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. Equities analysts expect that Mastercard Inc will post $4.26 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, April 5th. Mastercard’s dividend payout ratio is currently 23.85%.

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Several analysts have recently commented on MA shares. Barclays PLC decreased their price objective on Mastercard to $124.00 in a report on Wednesday, February 1st. Loop Capital initiated coverage on Mastercard in a report on Tuesday, February 14th. They set a “buy” rating and a $119.00 price objective for the company. Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price for the company. in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $123.00 target price on shares of Mastercard in a research note on Saturday, March 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $117.55.

Institutional investors have recently bought and sold shares of the company. Diversified Trust Co increased its position in Mastercard by 11.3% in the first quarter. Diversified Trust Co now owns 40,734 shares of the credit services provider’s stock worth $4,581,000 after buying an additional 4,139 shares in the last quarter. Raub Brock Capital Management LP increased its position in Mastercard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 133,002 shares of the credit services provider’s stock worth $14,959,000 after buying an additional 3,389 shares in the last quarter. Abner Herrman & Brock LLC increased its position in Mastercard by 0.5% in the first quarter. Abner Herrman & Brock LLC now owns 129,116 shares of the credit services provider’s stock worth $14,522,000 after buying an additional 680 shares in the last quarter. First National Bank Sioux Falls increased its position in Mastercard by 3.0% in the first quarter. First National Bank Sioux Falls now owns 3,238 shares of the credit services provider’s stock worth $364,000 after buying an additional 95 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Mastercard by 18.9% in the first quarter. Retirement Systems of Alabama now owns 587,950 shares of the credit services provider’s stock worth $66,127,000 after buying an additional 93,267 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

5 Day Chart for NYSE:MA

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