Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 116,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now owns 92,998,308 shares in the company, valued at approximately $41,256,839,378.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 transaction of $51,822,450.00.
• On Wednesday, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The stock was sold at an average price of $445.11, for a total value of $51,187,650.00.
• On Monday, June 3rd, Foundation Mastercard sold 110,000 shares of Mastercard stock. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00.
• On Thursday, May 30th, Foundation Mastercard sold 104,000 shares of Mastercard stock. The shares were sold at an average price of $442.70, for a total value of $46,040,800.00.
• On Tuesday, May 28th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The shares were sold at an average price of $444.04, for a total transaction of $47,512,280.00.
• On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was sold at an average price of $453.25, for a total transaction of $47,138,000.00.
• On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was 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 value of $56,144,400.00.

Mastercard Trading Up 0.8 %

Shares of NYSE MA opened at $448.11 on Tuesday. The stock has a market cap of $416.57 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The firm has a 50 day moving average price of $453.64 and a two-hundred day moving average price of $450.99. 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 52-week low of $359.77 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $2.80 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Evercore ISI increased their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $497.78.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the 4th quarter worth about $26,000. VitalStone Financial LLC increased its holdings in Mastercard by 300.0% in 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 bought a new stake in Mastercard in the fourth quarter worth approximately $27,000. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. 97.28% of the stock is currently 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. 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.