Mastercard major shareholder Foundation Mastercard Sells 13,414 Shares (MA)
Mastercard (NYSE:MA) major shareholder Foundation Mastercard unloaded 13,414 shares of Mastercard stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $75.43, for a total transaction of $1,011,818.02. Following the sale, the insider now directly owns 118,136,560 shares in the company, valued at approximately $8,911,040,721. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Mastercard (NYSE:MA) traded down 0.43% during mid-day trading on Wednesday, hitting $76.07. 1,090,162 shares of the company’s stock traded hands. 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 $76.21 and its 200-day moving average is $75.39. The company has a market cap of $88.087 billion and a price-to-earnings ratio of 27.62.
Mastercard (NYSE:MA) last announced its earnings results 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 revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Mastercard will post $3.00 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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.
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