Foundation Mastercard Sells 23,850 Shares of Mastercard Inc (NYSE:MA) Stock

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Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 23,850 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $279.47, for a total transaction of $6,665,359.50. Following the sale, the insider now directly owns 112,102,262 shares in the company, valued at $31,329,219,161.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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, August 13th, Foundation Mastercard sold 15,890 shares of Mastercard stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $281.81, for a total transaction of $2,240,389.50.
  • 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.
  • On Thursday, July 18th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00.
  • On Tuesday, July 16th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $279.16, for a total transaction of $2,219,322.00.

MA stock opened at $271.89 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a one year low of $171.89 and a one year high of $283.33. The firm has a market capitalization of $273.92 billion, a PE ratio of 41.89, a P/E/G ratio of 2.14 and a beta of 1.08. The firm has a 50-day moving average of $273.57 and a two-hundred day moving average of $248.15.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio is presently 20.34%.

A number of equities analysts recently issued reports on MA shares. Wedbush increased their target price on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Bank of America increased their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. UBS Group increased their target price on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Raymond James raised their price objective on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $291.80.

Hedge funds have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $26,000. Delphi Private Advisors LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $31,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $31,000. Valley National Advisers Inc. lifted its position in shares of Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. Finally, TCG Advisors LP lifted its position in shares of Mastercard by 49.5% in the second quarter. TCG Advisors LP now owns 151 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 50 shares in the last quarter. 74.25% of the stock is owned by 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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