Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $48,557,300.00 in Stock

Mastercard Incorporated (NYSE:MAGet Free Report) major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The shares were sold at an average price of $445.11, for a total value of $51,187,650.00.
  • 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.
  • On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were sold at an average price of $457.21, for a total value of $49,378,680.00.
  • On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The shares were sold at an average price of $460.20, for a total value of $56,144,400.00.
  • On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were 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.

Mastercard Price Performance

MA opened at $448.68 on Friday. The stock’s 50-day moving average price is $457.91 and its 200 day moving average price is $448.61. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market cap of $417.10 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company earned $2.80 EPS. Mastercard’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MA shares. Morgan Stanley dropped 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. Piper Sandler started coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Evercore ISI boosted their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Barclays dropped their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $497.78.

Check Out Our Latest Stock Analysis on Mastercard

Hedge Funds Weigh In On Mastercard

Hedge funds have recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC raised its position in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Mastercard in the 4th quarter valued at about $26,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

About Mastercard

(Get Free Report)

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)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.