Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 109,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 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 value 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 value 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 value of $97,450.00.

Mastercard Stock Down 0.1 %

Shares of MA stock opened at $462.04 on Friday. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The stock has a market cap of $431.03 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The business’s fifty day moving average is $471.46 and its 200-day moving average is $435.63. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the firm earned $2.65 EPS. Equities analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analysts Set New Price Targets

A number of research firms have commented on MA. Mizuho reaffirmed a “buy” rating and set a $480.00 target price on shares of Mastercard in a report on Wednesday, March 27th. JPMorgan Chase & Co. increased their price target on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. BMO Capital Markets increased their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Raymond James increased their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.23.

Institutional Investors Weigh In On Mastercard

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors boosted its stake in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Mastercard by 4.7% during the 4th quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth $4,595,559,000. Finally, Northern Trust Corp boosted its stake in shares of Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after acquiring an additional 251,516 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

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.