Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $65,794,260.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 147,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00. Following the completion of the transaction, the insider now directly owns 96,230,308 shares in the company, valued at $43,070,761,254.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 8th, Foundation Mastercard sold 151,000 shares of Mastercard stock. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $442.14, for a total value 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 value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The stock was 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 stock was 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 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 shares were sold at an average price of $487.25, for a total transaction of $97,450.00.

Mastercard Stock Up 0.2 %

NYSE:MA opened at $455.53 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $424.96 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a 50-day moving average of $468.16 and a 200 day moving average of $439.34. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last released 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.80 earnings per share. As a group, research analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastercard

Several institutional investors and hedge funds have recently added to or reduced their stakes in MA. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. VitalStone Financial LLC increased 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 purchased a new stake in shares of Mastercard during the 4th quarter valued at $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the 1st quarter worth $27,000. Finally, Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Barclays cut their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday. Evercore ISI lifted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Mizuho lowered their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.