Michael Fraccaro Sells 1,374 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) insider Michael Fraccaro sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $370.00, for a total transaction of $508,380.00. Following the transaction, the insider now owns 7,640 shares of the company’s stock, valued at $2,826,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Fraccaro also recently made the following trade(s):

  • On Monday, March 29th, Michael Fraccaro sold 2,748 shares of Mastercard stock. The stock was sold at an average price of $364.24, for a total transaction of $1,000,931.52.

MA opened at $371.08 on Thursday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85. Mastercard Incorporated has a fifty-two week low of $244.10 and a fifty-two week high of $389.50. The firm has a market capitalization of $368.62 billion, a PE ratio of 55.63, a P/E/G ratio of 2.56 and a beta of 1.19. The company’s 50-day moving average is $360.98 and its 200 day moving average is $340.56.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.13. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 6.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s dividend payout ratio is presently 22.65%.

Several institutional investors and hedge funds have recently bought and sold shares of MA. Norges Bank purchased a new stake in Mastercard in the 4th quarter valued at about $3,290,758,000. Morgan Stanley grew its position in shares of Mastercard by 14.6% during the 4th quarter. Morgan Stanley now owns 17,118,275 shares of the credit services provider’s stock valued at $6,110,200,000 after acquiring an additional 2,181,047 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Mastercard by 18.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,265,443 shares of the credit services provider’s stock valued at $2,236,387,000 after acquiring an additional 965,165 shares during the period. Lone Pine Capital LLC grew its position in shares of Mastercard by 54.2% during the 4th quarter. Lone Pine Capital LLC now owns 2,719,397 shares of the credit services provider’s stock valued at $970,662,000 after acquiring an additional 955,826 shares during the period. Finally, Ownership Capital B.V. grew its position in shares of Mastercard by 37.5% during the 4th quarter. Ownership Capital B.V. now owns 1,769,440 shares of the credit services provider’s stock valued at $161,426,000 after acquiring an additional 482,250 shares during the period. Institutional investors own 73.64% of the company’s stock.

Several research analysts have recently issued reports on MA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Robert W. Baird reiterated a “buy” rating on shares of Mastercard in a report on Sunday, February 28th. Wells Fargo & Company upped their price target on shares of Mastercard from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Truist upped their price target on shares of Mastercard from $415.00 to $450.00 in a report on Friday, March 5th. Finally, Jefferies Financial Group raised shares of Mastercard from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $315.00 to $415.00 in a research note on Wednesday, January 13th. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $367.26.

About Mastercard

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.

Featured Story: How Do Investors Open a Backdoor Roth IRA?

Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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.