Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 142,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were 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.
• 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 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 shares were 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 stock was sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Stock Up 1.3 %

Shares of MA opened at $449.37 on Tuesday. The business’s 50 day moving average is $469.07 and its 200 day moving average is $438.74. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market capitalization of $419.21 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the business posted $2.80 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MA. The Goldman Sachs Group lifted their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. KeyCorp increased their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Evercore ISI increased their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Institutional Trading of Mastercard

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

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.