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Craig Vosburg, Chief Services Officer at Mastercard Inc (NYSE:MA), recently executed a series of stock transactions involving the company’s Class A Common Stock. On February 18, Vosburg sold shares totaling approximately $7.97 million. The sales were executed at prices ranging from $562.4143 to $567.841 per share, near the stock’s 52-week high of $576.94. The transaction comes as Mastercard, with its $514.48B market cap, maintains its position as a prominent player in the Financial Services industry. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
In addition to the sales, Vosburg exercised stock options to acquire 11,003 shares at a price of $173.49 each, totaling approximately $1.91 million. These transactions were part of a pre-planned trading strategy as part of Vosburg’s personal financial management.
Following these transactions, Vosburg’s direct ownership in Mastercard stands at 55,652.824 shares.
In other recent news, Mastercard reported a 14% year-over-year increase in fourth-quarter revenue for 2024, reaching a record $7.49 billion, driven by a robust payment network and expanded value-added services. The company also disclosed a 12% increase in net revenue for the year, totaling $28.2 billion, highlighting successful integration of blockchain technology and digital currencies. Tigress Financial Partners upgraded Mastercard’s stock target to $685, maintaining a Strong Buy rating, citing the company’s growth and strategic focus on AI and cybersecurity. Additionally, Mastercard announced an increase in CEO Michael Miebach’s base salary to $1,400,000, effective March 1, 2025, with a target annual incentive bonus opportunity increase from 200% to 250%. The company declared a quarterly cash dividend of 76 cents per share, payable on May 9, 2025, and set its annual stockholders’ meeting for June 24, 2025. Mastercard also continues to explore a return to the Russian market, despite potential regulatory challenges and competition from local payment systems. These developments underscore Mastercard’s ongoing efforts to strengthen its market position and adapt to evolving payment technologies.
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