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

Mastercard Incorporated (NYSE:MA) insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $454.49 on Thursday. The firm’s fifty day simple moving average is $468.64 and its 200 day simple moving average is $439.23. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $423.99 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the business posted $2.80 earnings per share. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on MA. Royal Bank of Canada raised their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays cut their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday. Susquehanna reiterated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Hedge Funds Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gratus Capital LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $317,000. SeaBridge Investment Advisors LLC grew its stake in Mastercard by 7.2% during the third quarter. SeaBridge Investment Advisors LLC now owns 4,882 shares of the credit services provider’s stock worth $1,933,000 after buying an additional 329 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Mastercard by 4.7% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 1,460 shares of the credit services provider’s stock worth $578,000 after buying an additional 65 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Mastercard by 0.9% in the third quarter. Whittier Trust Co. now owns 31,244 shares of the credit services provider’s stock valued at $12,369,000 after acquiring an additional 272 shares during the last quarter. Finally, Smith Salley & Associates raised its stake in shares of Mastercard by 4.3% in the third quarter. Smith Salley & Associates now owns 55,898 shares of the credit services provider’s stock valued at $22,130,000 after acquiring an additional 2,326 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

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.