MasterCard Inc. (NYSE:MA) major shareholder Foundation Mastercard sold 72,624 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $103.94, for a total value of $7,548,538.56. Following the completion of the sale, the insider now directly owns 114,302,251 shares of the company’s stock, valued at $11,880,575,968.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Foundation Mastercard also recently made the following trade(s):

  • On Tuesday, November 8th, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $105.17, for a total value of $7,637,866.08.
  • On Thursday, November 3rd, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $104.97, for a total value of $7,623,341.28.
  • On Monday, October 31st, Foundation Mastercard sold 72,624 shares of MasterCard stock. The shares were sold at an average price of $105.96, for a total value of $7,695,239.04.
  • On Tuesday, October 25th, Foundation Mastercard sold 24,208 shares of MasterCard stock. The shares were sold at an average price of $102.83, for a total value of $2,489,308.64.
  • On Monday, October 24th, Foundation Mastercard sold 24,208 shares of MasterCard stock. The shares were sold at an average price of $103.22, for a total value of $2,498,749.76.
  • On Wednesday, October 26th, Foundation Mastercard sold 72,624 shares of MasterCard stock. The shares were sold at an average price of $103.03, for a total value of $7,482,450.72.

MasterCard Inc. (NYSE:MA) opened at 102.48 on Wednesday. The stock’s 50 day moving average price is $102.94 and its 200 day moving average price is $97.28. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $108.93. The company has a market capitalization of $111.66 billion, a PE ratio of 28.33 and a beta of 1.22.

MasterCard (NYSE:MA) last issued its earnings results on Friday, October 28th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.74 billion. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities analysts anticipate that MasterCard Inc. will post $3.75 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for MasterCard (NYSE:MA)

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 20.99%.

Several research firms recently issued reports on MA. Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $108.31 price objective for the company in a research note on Tuesday. Guggenheim lowered MasterCard from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $124.00 price target (up previously from $120.00) on shares of MasterCard in a research note on Monday, October 31st. Deutsche Bank AG reaffirmed a “buy” rating on shares of MasterCard in a research note on Monday, October 31st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $112.00) on shares of MasterCard in a research note on Monday, October 31st. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $110.78.

Institutional investors have recently modified their holdings of the company. First Quadrant L P CA raised its position in shares of MasterCard by 4.5% in the second quarter. First Quadrant L P CA now owns 128,980 shares of the company’s stock valued at $11,358,000 after buying an additional 5,600 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised its position in shares of MasterCard by 15.6% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 403,288 shares of the company’s stock valued at $35,514,000 after buying an additional 54,375 shares during the last quarter. Atwood & Palmer Inc. raised its position in shares of MasterCard by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 191,251 shares of the company’s stock valued at $16,842,000 after buying an additional 2,389 shares during the last quarter. Capital Fund Management S.A. raised its position in shares of MasterCard by 52.5% in the second quarter. Capital Fund Management S.A. now owns 906,868 shares of the company’s stock valued at $79,859,000 after buying an additional 312,103 shares during the last quarter. Finally, Peak Asset Management LLC raised its position in shares of MasterCard by 38.5% in the second quarter. Peak Asset Management LLC now owns 7,574 shares of the company’s stock valued at $667,000 after buying an additional 2,106 shares during the last quarter. 75.18% of the stock is currently owned by institutional investors and hedge funds.

About MasterCard

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.

5 Day Chart for NYSE:MA

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