Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $60,189,260.00 in Stock

Mastercard Incorporated (NYSE:MAGet Free Report) major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the completion of the transaction, the insider now directly owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Foundation Mastercard also recently made the following trade(s):

  • On Thursday, June 20th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $51,822,450.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $47,512,280.00.

Mastercard Stock Performance

MA traded down $2.98 during trading hours on Tuesday, hitting $453.98. 782,691 shares of the stock were exchanged, compared to its average volume of 2,425,776. The stock has a 50-day simple moving average of $452.25 and a 200-day simple moving average of $452.47. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The stock has a market cap of $422.02 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $6.34 billion. During the same period last year, the business posted $2.80 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Wells Fargo & Company lifted their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TD Cowen started coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Finally, Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $496.91.

Check Out Our Latest Analysis on Mastercard

Institutional Investors Weigh In On Mastercard

A number of hedge funds have recently added to or reduced their stakes in MA. Activest Wealth Management increased its holdings in shares of Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc increased its holdings in shares of Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA increased its holdings in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is currently owned by institutional investors.

About Mastercard

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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.

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

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