Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $3,738,368.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 29,206 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $128.00, for a total transaction of $3,738,368.00. Following the transaction, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,419,080,064. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction 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 transaction 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 transaction 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 transaction of $3,737,491.82.
  • On Wednesday, August 2nd, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $128.84, for a total transaction of $11,288,703.12.
  • 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 transaction 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 transaction 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 transaction of $11,339,521.56.
  • On Tuesday, July 25th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $129.46, for a total transaction of $11,343,026.28.
  • On Tuesday, July 18th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78.

Shares of Mastercard Incorporated (NYSE:MA) traded up 0.20% during trading on Friday, hitting $131.14. 3,167,271 shares of the stock were exchanged. The firm has a 50 day moving average price of $127.74 and a 200 day moving average price of $118.27. Mastercard Incorporated has a 52 week low of $94.95 and a 52 week high of $132.63. The firm has a market capitalization of $139.65 billion, a P/E ratio of 32.54 and a beta of 1.17.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.

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Several research analysts have recently issued reports on the stock. Loop Capital boosted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Cowen and Company restated an “outperform” rating and set a $137.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BidaskClub downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Mastercard and gave the stock an “outperform” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $128.20.

Several large investors have recently made changes to their positions in MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the period. State Street Corp raised its stake in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the period. Janus Henderson Group PLC raised its stake in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the period. Capital Research Global Investors raised its stake in shares of Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after buying an additional 1,729,179 shares during the period. Finally, Capital World Investors raised its stake in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the period. 75.99% of the stock is currently owned by institutional investors.

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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