Mastercard Inc (NYSE:MA) Major Shareholder Foundation Mastercard Sells 7,542 Shares

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Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 7,542 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $278.16, for a total transaction of $2,097,882.72. Following the completion of the transaction, the insider now owns 112,015,230 shares of the company’s stock, valued at approximately $31,158,156,376.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, October 15th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The shares were sold at an average price of $278.86, for a total transaction of $2,103,162.12.
  • On Tuesday, August 13th, Foundation Mastercard sold 15,890 shares of Mastercard stock. The shares were sold at an average price of $272.06, for a total transaction of $4,323,033.40.
  • On Friday, August 9th, Foundation Mastercard sold 23,850 shares of Mastercard stock. The shares were sold at an average price of $271.42, for a total transaction of $6,473,367.00.
  • On Friday, August 2nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $268.46, for a total transaction of $2,134,257.00.
  • On Tuesday, August 6th, Foundation Mastercard sold 15,900 shares of Mastercard stock. The shares were sold at an average price of $265.31, for a total transaction of $4,218,429.00.
  • On Monday, July 29th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $281.81, for a total transaction of $2,240,389.50.
  • On Wednesday, July 31st, Foundation Mastercard sold 23,850 shares of Mastercard stock. The shares were sold at an average price of $279.47, for a total transaction of $6,665,359.50.
  • On Friday, July 26th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $281.12, for a total transaction of $2,234,904.00.
  • On Wednesday, July 24th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.32, for a total transaction of $2,204,694.00.
  • On Monday, July 22nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.47, for a total transaction of $2,205,886.50.

NYSE MA opened at $277.13 on Friday. The stock has a market capitalization of $282.62 billion, a P/E ratio of 42.70, a P/E/G ratio of 2.31 and a beta of 1.06. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69. The firm has a 50-day moving average price of $276.05 and a 200 day moving average price of $263.79. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. On average, equities research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio is currently 20.34%.

A number of brokerages have recently commented on MA. Nomura upped their target price on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. SunTrust Banks upped their target price on shares of Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, September 13th. Citigroup upped their target price on shares of Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Argus upped their target price on shares of Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average price target of $299.09.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DeDora Capital Inc. increased its holdings in Mastercard by 4.4% in the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after buying an additional 203 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in shares of Mastercard in the second quarter valued at approximately $18,541,000. Dearborn Partners LLC grew its position in shares of Mastercard by 3.5% in the second quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after purchasing an additional 4,762 shares during the last quarter. World Asset Management Inc grew its position in shares of Mastercard by 1.2% in the second quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock valued at $16,353,000 after purchasing an additional 755 shares during the last quarter. Finally, Brightworth grew its position in shares of Mastercard by 18.4% in the second quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock valued at $1,019,000 after purchasing an additional 599 shares during the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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