Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 104,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 104,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the completion of the sale, the insider now owns 94,652,308 shares of the company’s stock, valued at approximately $42,901,158,601. The sale 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 shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were sold at an average price of $457.21, for a total transaction of $49,378,680.00.
• On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The stock was sold at an average price of $460.20, for a total transaction 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 transaction of $64,857,080.00.
• On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The stock was 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 stock was 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 transaction of $65,794,260.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $442.14, for a total transaction 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 transaction 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 transaction of $52,732,980.00.

Mastercard Stock Performance

NYSE:MA traded up $0.63 on Friday, reaching $451.84. 775,637 shares of the company’s stock were exchanged, compared to its average volume of 2,410,442. The stock has a fifty day simple moving average of $464.86 and a 200-day simple moving average of $444.94. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The firm has a market cap of $420.03 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the business earned $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MA. Barclays decreased their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Robert W. Baird raised their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Institutional Investors Weigh In On Mastercard

A number of institutional investors and hedge funds have recently bought and sold shares of MA. Westend Capital Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Mastercard in the fourth quarter worth $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard in the fourth quarter worth $27,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

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.