Foundation Mastercard Sells 7,542 Shares of Mastercard Inc (NYSE:MA) Stock

Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 7,542 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the transaction, the insider now owns 111,902,100 shares of the company’s stock, valued at approximately $30,213,567,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 4th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $278.37, for a total transaction of $2,099,466.54.
  • On Friday, November 1st, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $278.13, for a total transaction of $2,097,656.46.
  • On Wednesday, October 30th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $275.51, for a total transaction of $2,077,896.42.
  • On Monday, October 28th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $272.89, for a total transaction of $2,058,136.38.
  • On Friday, October 25th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $270.56, for a total transaction of $2,040,563.52.
  • On Wednesday, October 23rd, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $261.82, for a total transaction of $1,974,646.44.
  • On Monday, October 21st, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $271.96, for a total transaction of $2,051,122.32.
  • On Thursday, October 17th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $278.16, for a total transaction of $2,097,882.72.
  • On Tuesday, October 15th, Foundation Mastercard sold 7,542 shares of Mastercard stock. The stock was sold at an average price of $278.86, for a total transaction of $2,103,162.12.
  • 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.

Shares of Mastercard stock traded up $0.80 during trading hours on Friday, hitting $273.59. The company had a trading volume of 460,130 shares, compared to its average volume of 3,579,096. The company has a market cap of $272.92 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The company’s 50-day moving average is $272.46 and its two-hundred day moving average is $267.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.14. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. Sell-side analysts expect that Mastercard Inc will post 7.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

MA has been the subject of several analyst reports. Raymond James boosted their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays boosted their price target on shares of Mastercard from $319.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday. Deutsche Bank upped their target price on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Guggenheim set a $305.00 target price on shares of Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Susquehanna Bancshares upped their target price on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $303.45.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Mastercard by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock worth $18,785,021,000 after purchasing an additional 367,442 shares during the period. BlackRock Inc. raised its position in Mastercard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after buying an additional 297,230 shares during the last quarter. JPMorgan Chase & Co. raised its position in Mastercard by 12.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock worth $3,640,576,000 after buying an additional 1,548,776 shares during the last quarter. Morgan Stanley raised its position in Mastercard by 4.8% during the 2nd quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after buying an additional 640,063 shares during the last quarter. Finally, Northern Trust Corp raised its position in Mastercard by 0.8% during the 2nd quarter. Northern Trust Corp now owns 11,394,223 shares of the credit services provider’s stock worth $3,014,114,000 after buying an additional 91,436 shares during the last quarter. Hedge funds and other institutional investors own 74.21% of the company’s stock.

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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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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