Insider Selling: Foundation Mastercard Sells 26,808 Shares of Mastercard Stock (MA)
Mastercard (NYSE:MA) major shareholder Foundation Mastercard unloaded 26,808 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $76.02, for a total value of $2,037,944.16. Following the completion of the sale, 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 legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on MA. 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. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $366.38.
Mastercard (NYSE:MA) opened at 75.21 on Monday. Mastercard has a one year low of $60.359 and a one year high of $84.748. The stock has a 50-day moving average of $76.03 and a 200-day moving average of $75.45. The company has a market cap of $87.091 billion and a price-to-earnings ratio of 27.49.
Mastercard (NYSE:MA) last released its earnings data on Thursday, July 31st. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $6.96 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Mastercard will post $3.00 EPS for the current fiscal year.
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.
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