Foundation Mastercard Sells 151,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.

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

• On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The shares were sold at an average price of $447.58, for a total value of $65,794,260.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were sold at an average price of $462.57, for a total value of $52,732,980.00.
• 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 shares were 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 stock was 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 shares were sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Stock Up 0.3 %

Mastercard stock opened at $456.78 on Friday. The stock’s 50 day moving average price is $467.79 and its 200 day moving average price is $439.45. The company has a market cap of $426.13 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm posted $2.80 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 14.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MA shares. BMO Capital Markets upped their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Barclays reduced their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Royal Bank of Canada increased their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Morgan Stanley reduced their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Hedge Funds Weigh In On Mastercard

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Mastercard in the 4th quarter valued at approximately $27,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Company Profile

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.