Mastercard major shareholder Foundation Mastercard Sells 26,808 Shares (MA)
Mastercard (NYSE:MA) major shareholder Foundation Mastercard unloaded 26,808 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $76.02, for a total transaction of $2,037,944.16. Following the transaction, the insider now directly owns 118,149,974 shares in the company, valued at approximately $8,981,761,023. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Mastercard (NYSE:MA) traded down 0.33% during mid-day trading on Thursday, hitting $76.05. The stock had a trading volume of 2,411,679 shares. Mastercard has a one year low of $60.359 and a one year high of $84.748. The stock’s 50-day moving average is $75.87 and its 200-day moving average is $75.45. The company has a market cap of $88.064 billion and a price-to-earnings ratio of 27.58.
Mastercard (NYSE:MA) last released its earnings data on Thursday, July 31st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $6.96 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Mastercard will post $3.00 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, August 1st. They now have a $78.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Mastercard in a research note on Tuesday, July 8th. They set a “buy” rating and a $86.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $366.38.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.