Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 142,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $456.57, for a total transaction of $64,832,940.00. Following the transaction, the insider now directly owns 95,646,308 shares in the company, valued at approximately $43,669,234,843.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 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, May 8th, Foundation Mastercard sold 151,000 shares of Mastercard stock. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00.
• 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 transaction 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 stock was 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 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 Up 0.2 %

MA stock opened at $457.76 on Tuesday. 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. The stock has a market capitalization of $425.54 billion, a P/E ratio of 36.37, a P/E/G ratio of 1.79 and a beta of 1.08. The business has a fifty day moving average price of $467.39 and a 200-day moving average price of $440.71.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently made changes to their positions in MA. Altshuler Shaham Ltd purchased a new stake in Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC grew its position in shares of Mastercard by 300.0% during the fourth 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. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the 4th quarter valued at approximately $27,000. Westend Capital Management LLC purchased a new position in Mastercard in the 1st quarter worth approximately $27,000. Finally, Palisade Asset Management LLC bought a new position in Mastercard in the 1st quarter worth approximately $27,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of recent research reports. Barclays lowered their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley decreased their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $497.78.

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.