Ann Cairns Sells 26,630 Shares of MasterCard Inc. (MA) Stock
MasterCard Inc. (NYSE:MA) insider Ann Cairns sold 26,630 shares of MasterCard stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total value of $2,710,667.70. Following the completion of the transaction, the insider now directly owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of MasterCard Inc. (NYSE:MA) opened at 102.94 on Friday. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $103.17. The firm has a market cap of $113.00 billion, a price-to-earnings ratio of 30.20 and a beta of 1.19. The firm has a 50-day moving average price of $99.14 and a 200 day moving average price of $95.68.
MasterCard (NYSE:MA) last issued its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, equities research analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. MasterCard’s payout ratio is 22.35%.
MA has been the subject of several research reports. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 target price on shares of MasterCard in a research report on Saturday, July 2nd. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, September 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $115.00 target price on shares of MasterCard in a research report on Monday, July 25th. Finally, Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. MasterCard currently has an average rating of “Buy” and an average price target of $109.71.
Several hedge funds and other institutional investors have recently modified their holdings of MA. Telemus Capital LLC raised its position in shares of MasterCard by 9.2% in the third quarter. Telemus Capital LLC now owns 34,565 shares of the company’s stock valued at $3,518,000 after buying an additional 2,903 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of MasterCard by 1.5% in the third quarter. Fulton Bank N.A. now owns 5,907 shares of the company’s stock valued at $601,000 after buying an additional 85 shares during the period. Eqis Capital Management Inc. increased its stake in shares of MasterCard by 44.0% in the third quarter. Eqis Capital Management Inc. now owns 29,369 shares of the company’s stock valued at $2,989,000 after buying an additional 8,978 shares during the period. Washington Trust Bank increased its stake in shares of MasterCard by 1.7% in the third quarter. Washington Trust Bank now owns 10,508 shares of the company’s stock valued at $1,069,000 after buying an additional 173 shares during the period. Finally, Bath Savings Trust Co increased its stake in shares of MasterCard by 1.3% in the third quarter. Bath Savings Trust Co now owns 155,837 shares of the company’s stock valued at $15,860,000 after buying an additional 1,939 shares during the period. Institutional investors own 75.12% of the company’s stock.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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