Mastercard Incorporated (MA) Major Shareholder Foundation Mastercard Sells 87,618 Shares
Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Mastercard Incorporated (NYSE MA) traded up 0.33% on Monday, reaching $127.43. The company had a trading volume of 2,291,720 shares. Mastercard Incorporated has a 1-year low of $90.72 and a 1-year high of $127.58. The stock’s 50 day moving average is $121.69 and its 200-day moving average is $113.06. The stock has a market capitalization of $136.59 billion, a P/E ratio of 33.27 and a beta of 1.17. Mastercard also was the target of some unusual options trading on Friday. Stock traders acquired 9,394 call options on the stock. This represents an increase of approximately 180% compared to the average volume of 3,350 call options.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post $4.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a $0.22 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio (DPR) is presently 22.98%.
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Institutional investors have recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd bought a new stake in Mastercard during the fourth quarter valued at approximately $27,568,000. Pennsylvania Trust Co boosted its stake in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Mastercard by 0.3% in the fourth quarter. Guggenheim Capital LLC now owns 764,012 shares of the credit services provider’s stock valued at $78,885,000 after buying an additional 2,504 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in Mastercard during the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 75.74% of the company’s stock.
Several brokerages have issued reports on MA. Wedbush reissued an “outperform” rating and issued a $129.00 target price (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Mizuho began coverage on Mastercard in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 target price (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Finally, Citigroup Inc. raised their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $124.10.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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