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

Mastercard Incorporated (NYSE:MA) insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mastercard Stock Up 0.4 %

MA traded up $1.92 on Wednesday, hitting $454.98. The company had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. 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 Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a fifty day simple moving average of $468.64 and a 200-day simple moving average of $439.23. The firm has a market capitalization of $424.45 billion, a P/E ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08.

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

Hedge Funds Weigh In On Mastercard

Large investors have recently made changes to their positions in the business. Westend Capital Management LLC purchased a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth approximately $27,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in Mastercard in the 4th quarter worth approximately $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter worth approximately $27,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets raised their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays reduced 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. TD Cowen initiated coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

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.