Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 108,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 108,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total transaction of $49,378,680.00. Following the completion of the sale, the insider now owns 94,863,308 shares of the company’s stock, valued at $43,372,453,050.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The shares were sold at an average price of $460.20, for a total value of $56,144,400.00.
• On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $456.74, for a total value of $64,857,080.00.
• On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The shares were sold at an average price of $457.45, for a total transaction of $64,500,450.00.
• On Friday, May 10th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $456.57, for a total transaction of $64,832,940.00.
• On Wednesday, May 8th, Foundation Mastercard sold 151,000 shares of Mastercard stock. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00.
• On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The stock was sold at an average price of $462.57, for a total value of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00.

Mastercard Trading Down 0.6 %

Shares of MA stock opened at $456.55 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $424.41 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The stock’s 50-day moving average price is $465.42 and its 200-day moving average price is $444.90.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the prior year, the firm earned $2.80 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastercard

A number of large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in Mastercard during the 4th quarter worth $26,000. VitalStone Financial LLC raised its position in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. Westend Capital Management LLC purchased a new position in Mastercard during the 1st quarter worth $27,000. Finally, Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. KeyCorp increased their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Raymond James boosted their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI upped their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $497.78.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.