Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 58,412 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44. Following the completion of the transaction, the insider now directly owns 112,298,591 shares in the company, valued at approximately $14,584,218,013.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Foundation Mastercard also recently made the following trade(s):

  • On Tuesday, August 1st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $129.03, for a total value of $3,768,450.18.
  • On Monday, July 31st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $127.97, for a total value of $3,737,491.82.
  • On Wednesday, August 2nd, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $128.84, for a total value of $11,288,703.12.
  • On Thursday, July 27th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $129.27, for a total value of $3,775,459.62.
  • On Wednesday, July 26th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $130.33, for a total value of $3,806,417.98.
  • On Friday, July 28th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.42, for a total value of $11,339,521.56.
  • On Tuesday, July 25th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.46, for a total value of $11,343,026.28.
  • On Wednesday, July 19th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $128.00, for a total value of $3,738,368.00.
  • On Tuesday, July 18th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78.
  • On Thursday, July 20th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64.

Shares of Mastercard Incorporated (MA) traded up 0.43% during trading on Monday, reaching $130.38. The company’s stock had a trading volume of 1,585,964 shares. The company has a 50 day moving average of $124.99 and a 200 day moving average of $116.49. The company has a market cap of $138.84 billion, a PE ratio of 32.35 and a beta of 1.17. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post $4.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Mastercard’s payout ratio is 21.78%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/08/07/mastercard-incorporated-ma-major-shareholder-sells-7585966-44-in-stock.html.

Institutional investors have recently made changes to their positions in the stock. Glassman Wealth Services increased its position in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the last quarter. Norway Savings Bank increased its position in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Genesee Valley Trust Co. increased its position in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after buying an additional 18 shares during the last quarter. Finally, Concert Wealth Management Inc. increased its position in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 75.76% of the company’s stock.

A number of research analysts have recently commented on MA shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. BMO Capital Markets upped their price target on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $129.00 price target (up previously from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Cowen and Company upped their price target on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Vetr cut Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price target on the stock. in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $128.20.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.