Mastercard (NYSE:MA) Stock: Insider Julius Genachowski Sells 370 Shares

Mastercard Incorporated (NYSE:MA) Director Julius Genachowski sold 370 shares of Mastercard stock in a transaction on Monday, October 12th. The stock was sold at an average price of $590.21, for a total value of $218,377.70. Following the sale, the director owned 8,237 shares of the company’s stock, valued at approximately $4,861,559.77. This trade represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Julius Genachowski also recently made the following trade(s):

• On Friday, October 9th, Julius Genachowski sold 371 shares of Mastercard stock. The shares were sold at an average price of $585.01, for a total transaction of $217,038.71.

Mastercard Trading Down 0.4%

NYSE MA opened at $602.39 on Thursday. The company’s 50-day moving average price is $574.08 and its 200-day moving average price is $533.48. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market cap of $527.70 billion, a PE ratio of 32.20, a PEG ratio of 1.73 and a beta of 0.76. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $606.61.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the firm posted $4.15 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 19.90 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s dividend payout ratio is currently 19.14%.

Institutional Trading of Mastercard

A number of hedge funds have recently added to or reduced their stakes in the business. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard in the fourth quarter worth about $29,000. Robinswood Financial LLC acquired a new stake in Mastercard during the first quarter worth about $25,000. Lifetime Wealth Management P.C. purchased a new position in Mastercard during the fourth quarter valued at approximately $33,000. First Pacific Financial raised its position in Mastercard by 113.8% during the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 33 shares in the last quarter. Finally, Monetary Solutions Ltd acquired a new position in Mastercard in the fourth quarter valued at approximately $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Mastercard from $640.00 to $670.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, August 21st. Rothschild & Co Redburn dropped their price objective on Mastercard from $710.00 to $688.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Raymond James Financial reissued an “outperform” rating and issued a $632.00 price objective (up from $609.00) on shares of Mastercard in a research note on Friday, July 31st. Finally, Clear Str upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $681.56.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Analysts expect Mastercard’s upcoming third-quarter report to show double-digit earnings growth. The company’s latest quarter surpassed consensus estimates for both earnings and revenue, reinforcing confidence in continued payment-volume growth. Mastercard earnings expectations
• Positive Sentiment: Mastercard’s shares have moved above key technical buy points and are approaching record levels, prompting some analysts to identify the potential for a longer-term breakout. Mastercard technical breakout analysis
• Positive Sentiment: New partnerships with SoFi Tech Solutions and Orbi in Mexico allow customers to spend either cryptocurrency or fiat currency through a Mastercard-supported card, potentially expanding network usage in the growing digital-asset economy. Mastercard and Orbi crypto card program
• Positive Sentiment: Mastercard is broadening its growth opportunities with an Africa cybersecurity center, an Asia-Pacific fleet-payments network with WEX and stablecoin-based cross-border payment initiatives. These efforts could increase long-term transaction volumes and diversify revenue sources. Mastercard international expansion
• Neutral Sentiment: Mastercard declared a quarterly dividend of $0.87 per share, equivalent to a $3.48 annualized payout and a modest 0.6% yield. The dividend supports shareholder returns but is unlikely to be a major near-term catalyst.
• Neutral Sentiment: Director Julius Genachowski sold shares in multiple transactions under a pre-arranged Rule 10b5-1 plan. The sales reduced his holdings by roughly 4%, but the scheduled nature of the transactions limits their signaling value. Mastercard director stock sale
• Negative Sentiment: Mastercard and Visa face a reported £700 million UK class action related to post-Brexit fees. Potential litigation costs or regulatory remedies could pressure future profitability. Mastercard UK class action

About Mastercard

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.