Insider Selling: Mastercard major shareholder Sells 13,414 Shares of Stock (MA)
Mastercard (NYSE:MA) major shareholder Foundation Mastercard sold 13,414 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $75.43, for a total transaction of $1,011,818.02. Following the completion of the sale, the insider now directly owns 118,136,560 shares of the company’s stock, valued at approximately $8,911,040,721. The sale was disclosed in a legal filing 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 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $366.38.
Mastercard (NYSE:MA) traded up 2.07% on Monday, hitting $76.77. 4,030,243 shares of the company’s stock traded hands. Mastercard has a 52 week low of $60.359 and a 52 week high of $84.748. The stock’s 50-day moving average is $76.03 and its 200-day moving average is $75.45. The company has a market cap of $88.897 billion and a price-to-earnings ratio of 27.19.
Mastercard (NYSE:MA) last announced its earnings results 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.
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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