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

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, August 16th, Foundation Mastercard sold 119,000 shares of Mastercard stock. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00.
• On Wednesday, June 26th, Foundation Mastercard sold 138,000 shares of Mastercard stock. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00.
• On Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00.
• On Thursday, June 20th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was sold at an average price of $451.07, for a total value of $50,068,770.00.
• On Monday, June 17th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The stock was sold at an average price of $445.98, for a total value of $47,719,860.00.
• On Friday, June 14th, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $443.63, for a total transaction of $51,461,080.00.
• On Wednesday, June 12th, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was sold at an average price of $445.09, for a total transaction of $48,069,720.00.
• On Monday, June 10th, Foundation Mastercard sold 113,000 shares of Mastercard stock. The shares were sold at an average price of $447.85, for a total transaction of $50,607,050.00.
• On Friday, June 7th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The shares were sold at an average price of $450.63, for a total value of $51,822,450.00.
• On Wednesday, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The shares were sold at an average price of $445.11, for a total value of $51,187,650.00.

Mastercard Stock Performance

Shares of NYSE:MA traded up $2.14 during midday trading on Tuesday, hitting $469.12. The stock had a trading volume of 1,763,348 shares, compared to its average volume of 2,480,517. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a market capitalization of $436.10 billion, a PE ratio of 37.19, a P/E/G ratio of 1.82 and a beta of 1.09. The stock has a 50 day moving average price of $448.92 and a two-hundred day moving average price of $458.27.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MA shares. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BNP Paribas upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Mizuho lowered their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $512.09.

Institutional Investors Weigh In On Mastercard

Several institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Mastercard in the 4th quarter valued at about $4,595,559,000. Swedbank AB purchased a new position in Mastercard in the first quarter valued at about $660,652,000. PineStone Asset Management Inc. grew its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after buying an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. grew its position in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Mastercard by 3.3% in 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 buying an additional 676,452 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.