Investors Buy Mastercard Incorporated (NYSE:MA) on Weakness Following Insider Selling

Traders purchased shares of Mastercard Incorporated (NYSE:MA) on weakness during trading on Friday following insider selling activity. $160.07 million flowed into the stock on the tick-up and $99.00 million flowed out of the stock on the tick-down, for a money net flow of $61.07 million into the stock. Of all stocks tracked, Mastercard had the 6th highest net in-flow for the day. Mastercard traded down ($1.02) for the day and closed at $127.91Specifically, major shareholder Foundation Mastercard sold 58,412 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44. Following the sale, the insider now directly owns 112,298,591 shares of the company’s stock, valued at approximately $14,584,218,013.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 762,845 shares of company stock worth $98,241,535. Corporate insiders own 0.30% of the company’s stock.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. raised their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Zacks Investment Research downgraded Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Vetr downgraded Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective on the stock. in a report on Monday, May 22nd. Finally, BMO Capital Markets raised their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $128.20.

The firm has a market capitalization of $138.27 billion, a PE ratio of 32.22 and a beta of 1.17. The firm’s 50 day moving average price is $125.68 and its 200 day moving average price is $116.78.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post $4.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is presently 21.78%.

Institutional investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new position in Mastercard during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC boosted its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the period. Integrated Investment Consultants LLC boosted its position in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the period. Lipe & Dalton purchased a new position in Mastercard during the first quarter valued at approximately $101,000. Finally, Chicago Partners Investment Group LLC boosted its position in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the period. 75.76% of the stock is owned by hedge funds and other institutional investors.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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