Foundation Mastercard Sells 125,816 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the completion of the transaction, the insider now directly owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more 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, November 3rd, Foundation Mastercard sold 125,816 shares of Mastercard stock. The stock was sold at an average price of $386.20, for a total transaction of $48,590,139.20.
• On Monday, August 14th, Foundation Mastercard sold 125,816 shares of Mastercard stock. The shares were sold at an average price of $397.89, for a total value of $50,060,928.24.
• On Thursday, August 10th, Foundation Mastercard sold 125,816 shares of Mastercard stock. The stock was sold at an average price of $398.72, for a total value of $50,165,355.52.
• On Tuesday, August 8th, Foundation Mastercard sold 125,816 shares of Mastercard stock. The shares were sold at an average price of $391.39, for a total value of $49,243,124.24.

Mastercard Stock Performance

MA stock opened at $386.05 on Friday. The firm has a 50 day moving average of $399.14 and a two-hundred day moving average of $390.08. Mastercard Incorporated has a 12 month low of $313.24 and a 12 month high of $418.60. The company has a market capitalization of $363.74 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 1.71 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the prior year, the company posted $2.68 earnings per share. Mastercard’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 12.15 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 9th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 19.86%.

Institutional Investors Weigh In On Mastercard

A number of large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the first quarter valued at about $25,000. GeoWealth Management LLC bought a new stake in Mastercard during the 2nd quarter valued at approximately $26,000. Hibernia Wealth Partners LLC acquired a new stake in Mastercard in the 3rd quarter valued at approximately $27,000. Bollard Group LLC bought a new position in Mastercard in the 2nd quarter worth approximately $29,000. Finally, Creative Capital Management Investments LLC acquired a new position in shares of Mastercard during the first quarter worth approximately $30,000. Institutional investors own 74.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Royal Bank of Canada decreased their price objective on shares of Mastercard from $441.00 to $432.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Robert W. Baird boosted their target price on shares of Mastercard from $435.00 to $450.00 in a research note on Friday, July 28th. Mizuho decreased their target price on Mastercard from $435.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Finally, Jefferies Financial Group upped their price target on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $450.09.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.