Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 111,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.07, for a total value of $50,068,770.00. Following the completion of the sale, the insider now owns 92,672,308 shares of the company’s stock, valued at $41,801,697,969.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% 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 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 value 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 value of $51,461,080.00.
• 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 value of $48,069,720.00.
• On Monday, June 10th, Foundation Mastercard sold 113,000 shares of Mastercard stock. The stock was 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 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 shares were 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 value of $47,512,280.00.
• On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The shares were sold at an average price of $453.25, for a total value of $47,138,000.00.

Mastercard Trading Up 0.5 %

Shares of MA opened at $456.96 on Tuesday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The business’s fifty day moving average is $452.25 and its 200-day moving average is $452.47. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $424.79 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 1.77 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MA. Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Institutional Investors Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Dark Forest Capital Management LP lifted its holdings in Mastercard by 81.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 1,171 shares of the credit services provider’s stock worth $464,000 after buying an additional 524 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Mastercard by 11.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,236 shares of the credit services provider’s stock worth $1,281,000 after buying an additional 330 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Mastercard by 29.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,396 shares of the credit services provider’s stock worth $2,532,000 after buying an additional 1,458 shares during the period. Operose Advisors LLC lifted its holdings in Mastercard by 26.7% during the 3rd quarter. Operose Advisors LLC now owns 551 shares of the credit services provider’s stock worth $218,000 after buying an additional 116 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of Mastercard by 20.1% in the 3rd quarter. OMERS ADMINISTRATION Corp now owns 466,538 shares of the credit services provider’s stock valued at $184,707,000 after purchasing an additional 78,000 shares during the period. Institutional investors 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.