Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 114,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 114,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $462.57, for a total value of $52,732,980.00. Following the sale, the insider now directly owns 96,767,308 shares in the company, valued at $44,761,653,661.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00.

Mastercard Trading Down 1.2 %

MA opened at $457.03 on Tuesday. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The stock has a fifty day moving average price of $471.13 and a 200-day moving average price of $437.01. The firm has a market cap of $426.36 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the company posted $2.65 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MA shares. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. BMO Capital Markets upped their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group lifted their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Hedge Funds Weigh In On Mastercard

Large investors have recently made changes to their positions in the business. Hoxton Planning & Management LLC grew its position in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its holdings in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC boosted its holdings in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after buying an additional 23 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Company Profile

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.