Foundation Mastercard Sells 138,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a filing with the SEC, 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 Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The shares were sold at an average price of $459.46, for a total value of $60,189,260.00.
• On Thursday, June 20th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were 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 transaction 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 shares were 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 value of $50,607,050.00.
• On Friday, June 7th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The stock was 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.
• On Monday, June 3rd, Foundation Mastercard sold 110,000 shares of Mastercard stock. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00.
• On Thursday, May 30th, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was sold at an average price of $442.70, for a total transaction of $46,040,800.00.

Mastercard Trading Down 0.4 %

Mastercard stock opened at $441.08 on Friday. 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 1 year low of $359.77 and a 1 year high of $490.00. The firm’s 50-day moving average is $451.50 and its 200-day moving average is $452.88. The company has a market cap of $410.03 billion, a P/E ratio of 35.06, a PEG ratio of 1.77 and a beta of 1.09.

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. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Mizuho lowered their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Susquehanna reiterated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Morgan Stanley decreased their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Two 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Hedge Funds Weigh In On Mastercard

Several hedge funds and other institutional investors have recently modified their holdings of MA. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the fourth quarter worth $26,000. VitalStone Financial LLC raised its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $27,000. Westend Capital Management LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Institutional investors and hedge funds 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.