MasterCard Inc. (NYSE:MA) major shareholder Foundation Mastercard sold 72,624 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $103.28, for a total transaction of $7,500,606.72. Following the sale, the insider now directly owns 114,229,627 shares in the company, valued at $11,797,635,876.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large 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 Monday, November 14th, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $103.94, for a total transaction of $7,548,538.56.
  • 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 transaction 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 transaction of $7,623,341.28.
  • On Monday, October 31st, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $105.96, for a total transaction of $7,695,239.04.
  • On Tuesday, October 25th, Foundation Mastercard sold 24,208 shares of MasterCard stock. The stock was sold at an average price of $102.83, for a total transaction of $2,489,308.64.
  • On Monday, October 24th, Foundation Mastercard sold 24,208 shares of MasterCard stock. The stock was sold at an average price of $103.22, for a total transaction of $2,498,749.76.
  • On Wednesday, October 26th, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $103.03, for a total transaction of $7,482,450.72.

MasterCard Inc. (NYSE:MA) traded up 0.04% during midday trading on Monday, hitting $104.82. 608,524 shares of the company’s stock traded hands. The company has a market capitalization of $114.21 billion, a PE ratio of 28.98 and a beta of 1.22. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $108.93. The company has a 50 day moving average of $103.19 and a 200-day moving average of $97.44.

MasterCard (NYSE:MA) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The business earned $2.88 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.91 earnings per share. Equities research analysts predict that MasterCard Inc. will post $3.75 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, October 5th. MasterCard’s payout ratio is currently 20.99%.

A number of large investors have recently bought and sold shares of MA. Seven Bridges Advisors LLC bought a new stake in MasterCard during the second quarter valued at $109,000. Lowe fs LLC increased its stake in MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock valued at $114,000 after buying an additional 100 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in MasterCard during the second quarter valued at $121,000. Hanson McClain Inc. increased its stake in MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock valued at $124,000 after buying an additional 140 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in MasterCard during the second quarter valued at $125,000. 75.02% of the stock is owned by institutional investors and hedge funds.

MA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Friday. Vetr cut shares of MasterCard from a “buy” rating to a “hold” rating and set a $108.31 price target for the company. in a report on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $128.00 price target (up previously from $120.00) on shares of MasterCard in a report on Friday, July 29th. RBC Capital Markets reiterated an “outperform” rating and set a $115.00 price target (up previously from $112.00) on shares of MasterCard in a report on Monday, October 31st. Finally, Jefferies Group reiterated a “buy” rating on shares of MasterCard in a report on Thursday, August 25th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $110.90.

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

Receive News & Stock Ratings for MasterCard Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCard Inc. and related stocks with our FREE daily email newsletter.