Insider Selling: Mastercard Inc (NYSE:MA) Major Shareholder Sells 15,890 Shares of Stock

Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 15,890 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the sale, the insider now owns 112,030,712 shares of the company’s stock, valued at approximately $30,479,075,506.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Friday, August 9th, Foundation Mastercard sold 23,850 shares of Mastercard stock. The stock was sold at an average price of $271.42, for a total transaction of $6,473,367.00.
  • On Friday, August 2nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The stock was sold at an average price of $268.46, for a total transaction of $2,134,257.00.
  • On Tuesday, August 6th, Foundation Mastercard sold 15,900 shares of Mastercard stock. The stock was sold at an average price of $265.31, for a total transaction of $4,218,429.00.
  • On Monday, July 29th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The stock was sold at an average price of $281.81, for a total transaction of $2,240,389.50.
  • On Wednesday, July 31st, Foundation Mastercard sold 23,850 shares of Mastercard stock. The stock was sold at an average price of $279.47, for a total transaction of $6,665,359.50.
  • On Friday, July 26th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The stock was sold at an average price of $281.12, for a total transaction of $2,234,904.00.
  • On Wednesday, July 24th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.32, for a total transaction of $2,204,694.00.
  • On Monday, July 22nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.47, for a total transaction of $2,205,886.50.
  • On Thursday, July 18th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00.
  • On Tuesday, July 16th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $279.16, for a total transaction of $2,219,322.00.

Shares of MA stock opened at $271.89 on Friday. The company has a 50 day moving average of $273.57 and a 200-day moving average of $248.15. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The firm has a market cap of $273.92 billion, a P/E ratio of 41.89, a PEG ratio of 2.14 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $1.66 EPS. Mastercard’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Mastercard Inc will post 7.61 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. Mastercard’s payout ratio is currently 20.34%.

Several hedge funds have recently modified their holdings of MA. Joseph P. Lucia & Associates LLC purchased a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Delphi Private Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at approximately $31,000. Evolution Wealth Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at approximately $31,000. Valley National Advisers Inc. grew its stake in Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares in the last quarter. Finally, TCG Advisors LP grew its stake in Mastercard by 49.5% in the 2nd quarter. TCG Advisors LP now owns 151 shares of the credit services provider’s stock valued at $41,000 after buying an additional 50 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

Several equities research analysts have commented on MA shares. Citigroup set a $317.00 price objective on shares of Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. Raymond James increased their price objective on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Co increased their price objective on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Barclays increased their price objective on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Deutsche Bank increased their price objective on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $291.80.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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