MasterCard major shareholder Sells $22,211,070 in Stock (MA)
MasterCard (NYSE:MA) major shareholder Foundation Mastercard sold 26,984 shares of MasterCard stock on the open market in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $823.12, for a total value of $22,211,070.08. Following the completion of the transaction, the insider now directly owns 12,083,325 shares in the company, valued at approximately $9,946,026,474. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
MA has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of MasterCard from $811.00 to $926.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of MasterCard from $830.00 to $930.00 in a research note to investors on Thursday, January 16th. They now have an “overweight” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of MasterCard in a research note to investors on Monday, January 13th. They now have a $935.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. MasterCard currently has an average rating of “Buy” and a consensus price target of $745.57.
Shares of MasterCard (NYSE:MA) traded up 0.01% during mid-day trading on Tuesday, hitting $818.48. 1,009,080 shares of the company’s stock traded hands. MasterCard has a 52-week low of $507.36 and a 52-week high of $847.48. The stock has a 50-day moving average of $803.5 and a 200-day moving average of $698.3. The company has a market cap of $98.526 billion and a price-to-earnings ratio of 32.37.
MasterCard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The company reported $7.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.92 by $0.35. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $6.17 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that MasterCard will post $26.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Thursday, January 9th will be paid a dividend of 1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, January 7th.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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