Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 147,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the transaction, the insider now owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were sold at an average price of $462.57, for a total value of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Stock Performance

Shares of Mastercard stock opened at $453.13 on Wednesday. The firm has a market cap of $422.72 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The business’s fifty day simple moving average is $468.64 and its 200-day simple moving average is $439.23.

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

Analyst Ratings Changes

Several brokerages recently weighed in on MA. Morgan Stanley reduced their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird raised their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI upped their price objective 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Institutional Trading of Mastercard

Institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd purchased a new position in Mastercard during the 4th quarter valued at about $26,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the fourth quarter valued at approximately $27,000. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter worth approximately $27,000. Finally, Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 97.28% 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. 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.