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Edward Grunde McLaughlin, President and Chief Technology Officer of Mastercard Inc (NYSE:MA), disclosed the sale of $3.81 million worth of the company’s Class A common stock, according to a recent SEC filing. The transactions, which took place on March 19, involved the sale of a total of 7,132 shares at prices ranging from $530.81 to $537.43 per share. Mastercard, currently valued at $491 billion, has demonstrated strong financial health with a 12% revenue growth over the last twelve months, according to InvestingPro data.
In addition to these sales, McLaughlin executed an option exercise to acquire 7,132 shares at a price of $173.49 per share, valued at approximately $1.24 million. Following these transactions, McLaughlin’s direct ownership stands at 34,524.396 shares. The company maintains robust financials with a 100% gross profit margin and has consistently raised its dividend for 13 consecutive years.
The transactions were conducted under a pre-planned trading arrangement established in November 2024, as part of McLaughlin’s personal financial management strategy. For detailed insights into Mastercard’s valuation and 12 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Mastercard reported a 12% increase in net revenue for 2024, reaching $28.2 billion. This growth reflects the company’s successful expansion in adopting new technologies, including blockchain and digital currencies. Mastercard has tokenized 30% of its transactions, highlighting the role of digital security measures in its operations. In addition, Mastercard’s fourth-quarter revenue increased by 14% year-over-year, totaling $7.49 billion, with a notable 20% surge in cross-border volume. Tigress Financial Partners increased its price target for Mastercard to $685, maintaining a Strong Buy rating due to the company’s growth and focus on electronic payments and cybersecurity. Meanwhile, UBS highlighted the competitive advantages of Visa (NYSE:V) and Mastercard’s cross-border operations, noting their resilience to challenges such as nationalism and domestic regulations. Both companies are reportedly considering a return to the Russian market after suspending operations in 2022. Lastly, Mastercard appointed Tim Murphy as Vice Chair and Richard R. Verma as Chief Administrative Officer, enhancing its executive team to support strategic initiatives.
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