Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 104,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 104,000 shares of Mastercard stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the completion of the transaction, the insider now owns 94,652,308 shares of the company’s stock, valued at approximately $42,901,158,601. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were sold at an average price of $457.21, for a total transaction of $49,378,680.00.
• On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00.
• On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $456.74, for a total transaction of $64,857,080.00.
• On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The stock was sold at an average price of $457.45, for a total transaction of $64,500,450.00.
• On Friday, May 10th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $456.57, for a total transaction of $64,832,940.00.
• 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 Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was 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 stock was 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 transaction of $52,732,980.00.

Mastercard Trading Up 0.1 %

Shares of NYSE:MA traded up $0.63 during midday trading on Friday, reaching $451.84. The company’s stock had a trading volume of 775,637 shares, compared to its average volume of 2,410,442. The firm has a market capitalization of $420.03 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.79 and a beta of 1.08. The firm has a 50 day moving average price of $464.86 and a two-hundred day moving average price of $444.94. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MA shares. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho cut their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MA. Westend Capital Management LLC bought a new stake in Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard during the first quarter worth $27,000. VitalStone Financial LLC raised 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 during the last quarter. Altshuler Shaham Ltd bought a new position in Mastercard during the 4th quarter valued at $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the 4th quarter worth $27,000. 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.