Insider Buying: Mastercard Inc (NYSE:MA) Director Buys $468,606.15 in Stock

Mastercard Inc (NYSE:MA) Director Richard K. Davis bought 1,735 shares of the stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the purchase, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE MA opened at $271.89 on Friday. The company has a market cap of $273.92 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The stock’s 50 day simple moving average is $273.57 and its 200-day simple moving average is $248.15. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 earnings per share. On average, equities research analysts anticipate that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a $0.33 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual Advisors LLC increased its holdings in shares of Mastercard by 19.5% in the second quarter. Mutual Advisors LLC now owns 2,765 shares of the credit services provider’s stock valued at $731,000 after purchasing an additional 451 shares during the last quarter. Smith Moore & CO. increased its holdings in shares of Mastercard by 22.9% in the second quarter. Smith Moore & CO. now owns 2,068 shares of the credit services provider’s stock valued at $547,000 after purchasing an additional 386 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mastercard by 11.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 134,719 shares of the credit services provider’s stock valued at $35,637,000 after purchasing an additional 13,722 shares during the last quarter. BRYN MAWR TRUST Co increased its holdings in shares of Mastercard by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 110,896 shares of the credit services provider’s stock valued at $29,335,000 after purchasing an additional 780 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Mastercard by 27.9% in the second quarter. Integrated Wealth Concepts LLC now owns 4,509 shares of the credit services provider’s stock valued at $1,194,000 after purchasing an additional 984 shares during the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

A number of brokerages have issued reports on MA. Morgan Stanley increased their price target on Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Argus increased their price target on Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Susquehanna Bancshares increased their price target on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada set a $315.00 price target on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Wedbush increased their price target on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $291.80.

Mastercard Company Profile

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

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