Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 116,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the sale, the insider now owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major 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, 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.
• 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.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were 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 stock was sold at an average price of $457.15, for a total value of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00.

Mastercard Trading Up 0.6 %

MA stock opened at $443.61 on Friday. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a market cap of $413.84 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.68 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $470.17 and a 200-day simple moving average of $437.44.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the business posted $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is currently 20.99%.

Hedge Funds Weigh In On Mastercard

Hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC grew its position in Mastercard by 26.6% in the third quarter. FinTrust Capital Advisors LLC now owns 1,046 shares of the credit services provider’s stock valued at $414,000 after acquiring an additional 220 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Mastercard by 3.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 283,417 shares of the credit services provider’s stock valued at $112,208,000 after acquiring an additional 9,905 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Mastercard by 3.8% during the third quarter. Stratos Wealth Advisors LLC now owns 6,803 shares of the credit services provider’s stock worth $2,693,000 after acquiring an additional 247 shares during the last quarter. Talbot Financial LLC lifted its stake in shares of Mastercard by 1.6% in the third quarter. Talbot Financial LLC now owns 14,375 shares of the credit services provider’s stock worth $5,691,000 after acquiring an additional 227 shares in the last quarter. Finally, Redwood Investments LLC boosted its holdings in Mastercard by 145.8% in the third quarter. Redwood Investments LLC now owns 5,130 shares of the credit services provider’s stock valued at $2,031,000 after purchasing an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Raymond James increased their target price on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets boosted their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI raised their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, KeyCorp lifted their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $493.55.

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.