Michael Fraccaro Sells 8,658 Shares of Mastercard Inc (MA) Stock
Mastercard Inc (NYSE:MA) insider Michael Fraccaro sold 8,658 shares of Mastercard stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now owns 4,124 shares of the company’s stock, valued at $949,386.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of MA traded up $0.91 on Thursday, hitting $233.43. The company’s stock had a trading volume of 642,004 shares, compared to its average volume of 3,125,405. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a fifty-two week low of $167.94 and a fifty-two week high of $237.08. The firm has a market capitalization of $238.54 billion, a PE ratio of 35.97, a P/E/G ratio of 1.86 and a beta of 1.14.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.79 billion. Equities research analysts predict that Mastercard Inc will post 7.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is presently 20.34%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Clarius Group LLC raised its stake in Mastercard by 45.9% in the 4th quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock valued at $444,000 after acquiring an additional 741 shares during the period. Kentucky Retirement Systems bought a new stake in Mastercard in the 3rd quarter valued at $7,141,000. Vaughan Nelson Investment Management L.P. raised its stake in Mastercard by 1.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 372,696 shares of the credit services provider’s stock valued at $70,310,000 after acquiring an additional 5,100 shares during the period. Garrison Point Advisors LLC bought a new stake in Mastercard in the 4th quarter valued at $1,082,000. Finally, Sandell Asset Management Corp. bought a new stake in Mastercard in the 3rd quarter valued at $1,113,000. Institutional investors and hedge funds own 75.45% of the company’s stock.
MA has been the subject of several analyst reports. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Jefferies Financial Group initiated coverage on Mastercard in a research report on Monday, January 28th. They set a “buy” rating for the company. Wells Fargo & Co decreased their target price on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $245.00 target price on shares of Mastercard in a research report on Friday, December 21st. Finally, UBS Group upgraded Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $227.66.
WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/michael-fraccaro-sells-8658-shares-of-mastercard-inc-ma-stock/2923798.html.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Recommended Story: The risks of owning bonds
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.