Insider Selling: Mastercard Incorporated (MA) Major Shareholder Sells 87,618 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $128.84, for a total value of $11,288,703.12. Following the transaction, the insider now directly owns 112,386,209 shares in the company, valued at approximately $14,479,839,167.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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, August 10th, Foundation Mastercard sold 87,623 shares of Mastercard stock. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82.
  • On Friday, August 4th, Foundation Mastercard sold 58,412 shares of Mastercard stock. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44.
  • On Tuesday, August 1st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $129.03, for a total value of $3,768,450.18.
  • On Monday, July 31st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $127.97, for a total value of $3,737,491.82.
  • On Thursday, July 27th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $129.27, for a total value of $3,775,459.62.
  • On Wednesday, July 26th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $130.33, for a total value of $3,806,417.98.
  • On Friday, July 28th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $129.42, for a total value of $11,339,521.56.
  • On Tuesday, July 25th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.46, for a total value of $11,343,026.28.
  • On Wednesday, July 19th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $128.00, for a total value of $3,738,368.00.
  • On Tuesday, July 18th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78.

Shares of Mastercard Incorporated (MA) traded up 0.69% on Friday, reaching $128.55. The company’s stock had a trading volume of 2,484,529 shares. The stock has a 50-day moving average of $126.59 and a 200 day moving average of $117.50. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20. The stock has a market capitalization of $136.89 billion, a PE ratio of 31.90 and a beta of 1.17.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities analysts forecast that Mastercard Incorporated will post $4.39 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

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A number of equities research analysts have weighed in on MA shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. BMO Capital Markets lifted their price objective on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $129.00 price objective (up previously from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Cowen and Company lifted their price objective on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Finally, Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price objective on the stock. in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $128.20.

Several large investors have recently modified their holdings of the stock. Pennsylvania Trust Co increased its stake in shares of Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares during the period. Cookson Peirce & Co. Inc. increased its stake in shares of Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the period. Perigon Wealth Management LLC increased its stake in shares of Mastercard by 467.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,671 shares of the credit services provider’s stock valued at $634,000 after buying an additional 4,671 shares during the period. Adviser Investments LLC purchased a new stake in shares of Mastercard during the first quarter valued at approximately $727,000. Finally, Linscomb & Williams Inc. increased its stake in shares of Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the period. Institutional investors and hedge funds own 75.76% of the company’s stock.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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

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