MasterCard Inc. (NYSE:MA) major shareholder Foundation Mastercard sold 48,424 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $104.98, for a total transaction of $5,083,551.52. Following the completion of the transaction, the insider now directly owns 114,157,003 shares of the company’s stock, valued at $11,984,202,174.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, November 17th, Foundation Mastercard sold 72,624 shares of MasterCard stock. The stock was sold at an average price of $103.28, for a total transaction of $7,500,606.72.
  • 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.

Shares of MasterCard Inc. (NYSE:MA) opened at 105.93 on Wednesday. The stock’s 50 day moving average is $103.46 and its 200 day moving average is $97.64. 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 $115.42 billion, a P/E ratio of 29.29 and a beta of 1.22.

MasterCard (NYSE:MA) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The firm earned $2.88 billion during 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%. MasterCard’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities analysts predict that MasterCard Inc. will post $3.75 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. MasterCard’s dividend payout ratio (DPR) is presently 20.99%.

A number of research firms recently issued reports on MA. Barclays PLC reissued an “overweight” rating and issued a $120.00 price target (up from $110.00) on shares of MasterCard in a research note on Friday, October 21st. Vetr downgraded shares of MasterCard from a “buy” rating to a “hold” rating and set a $108.31 target price for the company. in a research note on Monday. Robert W. Baird reaffirmed an “outperform” rating and set a $124.00 target price (up previously from $120.00) on shares of MasterCard in a research note on Monday, October 31st. RBC Capital Markets reaffirmed an “outperform” rating and set a $115.00 target price (up previously from $112.00) on shares of MasterCard in a research note on Monday, October 31st. Finally, Royal Bank Of Canada raised their target price on shares of MasterCard from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. MasterCard currently has a consensus rating of “Buy” and a consensus price target of $110.90.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in MasterCard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock valued at $4,457,649,000 after buying an additional 4,111,803 shares during the period. The Manufacturers Life Insurance Company purchased a new position in MasterCard during the third quarter valued at approximately $405,125,000. Capital Research Global Investors raised its position in MasterCard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the company’s stock valued at $713,780,000 after buying an additional 2,656,656 shares during the period. Bank of Montreal Can purchased a new position in MasterCard during the second quarter valued at approximately $217,521,000. Finally, Emerald Acquisition Ltd. purchased a new position in MasterCard during the second quarter valued at approximately $212,422,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.

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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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