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.
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.
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.
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