Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $56,144,400.00 in Stock

Mastercard Incorporated (NYSE:MAGet Free Report) major shareholder Foundation Mastercard sold 122,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $460.20, for a total value of $56,144,400.00. Following the completion of the transaction, the insider now owns 94,971,308 shares in the company, valued at approximately $43,705,795,941.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00.
  • On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $456.74, for a total value of $64,857,080.00.
  • On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The shares were sold at an average price of $457.45, for a total value of $64,500,450.00.
  • On Friday, May 10th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $456.57, for a total value of $64,832,940.00.
  • On Wednesday, May 8th, Foundation Mastercard sold 151,000 shares of Mastercard stock. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00.
  • On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00.
  • 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 shares were 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 stock was 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 stock was sold at an average price of $462.78, for a total value of $50,443,020.00.

Mastercard Stock Down 1.2 %

Shares of MA opened at $451.24 on Friday. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The stock has a market capitalization of $419.48 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 1.80 and a beta of 1.08. 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 stock has a fifty day moving average of $464.86 and a 200-day moving average of $444.94.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly 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 analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.80 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on MA shares. Barclays cut their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. KeyCorp boosted their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Piper Sandler began coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Get Our Latest Analysis on MA

Institutional Trading of Mastercard

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hoxton Planning & Management LLC raised its position in Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares during the period. Carolinas Wealth Consulting LLC increased its stake in shares of Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its stake in shares of Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Atticus Wealth Management LLC increased its stake in shares of Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC increased its stake in shares of Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

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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.

Further Reading

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

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