Mastercard Incorporated (NYSE:MA) Insider Sandra A. Arkell Sells 300 Shares

Mastercard Incorporated (NYSE:MA) insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mastercard Stock Up 0.4 %

NYSE MA traded up $1.92 during mid-day trading on Wednesday, reaching $454.98. The stock had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The stock has a market cap of $424.45 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a fifty day moving average price of $468.64 and a 200 day moving average price of $439.23. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently added to or reduced their stakes in MA. Westend Capital Management LLC purchased a new stake in Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard during the 1st quarter valued at $27,000. VitalStone Financial LLC raised its stake in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Mastercard during the 4th quarter valued at $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the 4th quarter valued at $27,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. KeyCorp lifted their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Raymond James lifted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada lifted their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Mastercard Company Profile

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.