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

Mastercard Incorporated (NYSE:MA) insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mastercard Stock Performance

Shares of NYSE MA opened at $454.49 on Thursday. The firm’s 50-day moving average price is $468.64 and its 200-day moving average price is $439.23. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a market cap of $423.99 billion, a PE ratio of 36.17, a PEG ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays dropped their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday. BMO Capital Markets lifted their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI lifted their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently made changes to their positions in MA. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors grew its position in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors increased its holdings 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 purchasing an additional 605,909 shares during the last quarter. Norges Bank purchased a new stake in shares of Mastercard in the fourth quarter worth about $4,595,559,000. Finally, Northern Trust Corp boosted its stake in Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after buying an additional 251,516 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

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.