Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 90,994 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 90,994 shares of the company’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $327.91, for a total transaction of $29,837,842.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Wednesday, November 24th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $331.84, for a total transaction of $30,195,448.96.
  • On Friday, November 19th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $344.48, for a total transaction of $31,345,613.12.
  • On Wednesday, November 17th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The shares were sold at an average price of $354.40, for a total transaction of $32,248,273.60.

Shares of NYSE:MA opened at $340.00 on Thursday. Mastercard Incorporated has a one year low of $312.38 and a one year high of $401.50. The company has a 50 day moving average of $348.01 and a 200-day moving average of $359.94. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $334.07 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 1.97 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 28th. The credit services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.19 by $0.18. Mastercard had a net margin of 45.50% and a return on equity of 116.88%. The company had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same quarter in the previous year, the company earned $1.60 EPS. Mastercard’s revenue was up 29.9% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 8.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 9th. Stockholders of record on Friday, October 8th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, October 7th. Mastercard’s dividend payout ratio is 21.65%.

Institutional investors have recently added to or reduced their stakes in the stock. Ayalon Holdings Ltd. boosted its stake in Mastercard by 14.3% during the 2nd quarter. Ayalon Holdings Ltd. now owns 5,860 shares of the credit services provider’s stock worth $2,172,000 after acquiring an additional 733 shares during the last quarter. Ninety One North America Inc. boosted its stake in Mastercard by 5.7% during the 2nd quarter. Ninety One North America Inc. now owns 56,839 shares of the credit services provider’s stock worth $20,751,000 after acquiring an additional 3,066 shares during the last quarter. Tranquility Partners LLC boosted its stake in Mastercard by 5.3% during the 2nd quarter. Tranquility Partners LLC now owns 5,591 shares of the credit services provider’s stock worth $2,041,000 after acquiring an additional 279 shares during the last quarter. DSM Capital Partners LLC boosted its stake in Mastercard by 10.5% during the 2nd quarter. DSM Capital Partners LLC now owns 441,872 shares of the credit services provider’s stock worth $161,323,000 after acquiring an additional 42,163 shares during the last quarter. Finally, Bfsg LLC boosted its stake in Mastercard by 1.5% during the 2nd quarter. Bfsg LLC now owns 10,140 shares of the credit services provider’s stock worth $3,702,000 after acquiring an additional 146 shares during the last quarter. 73.78% of the stock is currently owned by institutional investors and hedge funds.

MA has been the subject of a number of research reports. Mizuho increased their price target on shares of Mastercard from $450.00 to $465.00 and gave the company a “buy” rating in a report on Monday, November 15th. UBS Group initiated coverage on shares of Mastercard in a report on Thursday, November 18th. They set a “buy” rating and a $448.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of Mastercard from $412.00 to $403.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. Compass Point increased their target price on shares of Mastercard from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, Wells Fargo & Company increased their target price on shares of Mastercard from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, November 11th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $426.57.

About Mastercard

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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

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