Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 114,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 114,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $462.57, for a total value of $52,732,980.00. Following the completion of the transaction, the insider now owns 96,767,308 shares of the company’s stock, valued at approximately $44,761,653,661.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00.

Mastercard Stock Down 1.2 %

MA stock opened at $457.03 on Tuesday. The firm has a 50-day moving average price of $471.13 and a 200-day moving average price of $437.01. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $426.36 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio is currently 22.32%.

Hedge Funds Weigh In On Mastercard

Large investors have recently bought and sold shares of the company. Hoxton Planning & Management LLC grew its stake in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares during the period. Benin Management CORP grew its position in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC increased its stake in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the period. Finally, Strategic Advisors LLC raised its holdings in shares of Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Raymond James upped their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.