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 the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The sale was disclosed in a filing with the SEC, which is available through this link. Major 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 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 transaction of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction 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 value 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 value 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 Trading Up 1.3 %

MA opened at $449.37 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average of $469.07 and a 200-day moving average of $438.74. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The stock has a market cap of $419.21 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Institutional Trading of Mastercard

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

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. KeyCorp boosted their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

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.