Mastercard Incorporated (NYSE:MA) CMO Venkata R. Madabhushi Sells 4,685 Shares of Stock

Mastercard Incorporated (NYSE:MA) CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mastercard Price Performance

MA opened at $501.22 on Wednesday. The firm has a 50-day moving average price of $462.83 and a 200-day moving average price of $460.52. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $465.94 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MA shares. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. KeyCorp increased their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Susquehanna raised their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $512.08.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MA. Swedbank AB bought a new position in shares of Mastercard in the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. boosted its holdings in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the period. Vanguard Group Inc. grew its position in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Capital International Investors increased its holdings in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Finally, Capital Research Global Investors raised its position in shares of Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after buying an additional 605,909 shares in the last quarter. Institutional investors own 97.28% 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. 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.