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 dated Wednesday, May 15th. The shares were sold at an average price of $456.74, for a total value of $64,857,080.00. Following the completion of the transaction, the insider now owns 95,222,308 shares in the company, valued at approximately $43,491,836,955.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major 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 Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The shares were 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 value of $65,794,260.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total value 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 value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were sold at an average price of $462.57, for a total value 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 transaction 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.

Mastercard Stock Performance

NYSE:MA opened at $460.27 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $427.87 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The firm has a 50-day moving average price of $466.28 and a two-hundred day moving average price of $442.84. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the company posted $2.80 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 14.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastercard

A number of institutional investors have recently made changes to their positions in MA. Activest Wealth Management lifted its holdings in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Cross Staff Investments Inc lifted its stake in shares of Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA lifted its stake in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp boosted its position in Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on MA. Oppenheimer reiterated an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Morgan Stanley cut their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. 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, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

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.