MasterCard (NYSE:MA) Insider Chris Mcwilton sold 7,004 shares of the stock on the open market in a transaction that occured on Monday, August 5th. The shares were sold at an average price of $641.22, for a total transaction of $4,491,104.88. Following the completion of the transaction, the insider now directly owns 1,943 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MA. Analysts at Keefe, Bruyette & Woods raised their price target on shares of MasterCard from $691.00 to $749.00 in a research note to investors on Wednesday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Monday. Finally, analysts at SunTrust raised their price target on shares of MasterCard from $620.00 to $735.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $640.69.
MasterCard (NYSE:MA) traded down 0.07% on Thursday, hitting $645.84. MasterCard has a 1-year low of $416.67 and a 1-year high of $656.98. The stock’s 50-day moving average is currently $597.0. The company has a market cap of $78.094 billion and a price-to-earnings ratio of 26.71.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $6.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $6.29 by $0.67. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the prior year, the company posted $5.65 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that MasterCard will post $26.08 EPS for the current fiscal year.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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