Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 68,670 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $289.87, for a total value of $19,905,372.90. Following the completion of the transaction, the insider now directly owns 110,826,524 shares in the company, valued at $32,125,284,511.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 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 Wednesday, June 24th, Foundation Mastercard sold 206,010 shares of Mastercard stock. The shares were sold at an average price of $302.80, for a total value of $62,379,828.00.
NYSE:MA opened at $295.70 on Wednesday. The stock’s fifty day moving average is $296.62 and its 200 day moving average is $291.02. Mastercard Inc has a fifty-two week low of $199.99 and a fifty-two week high of $347.25. The firm has a market capitalization of $290.42 billion, a PE ratio of 37.81, a PEG ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. Mastercard’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Mastercard Inc will post 6.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 8th. Mastercard’s payout ratio is 20.59%.
A number of hedge funds have recently modified their holdings of MA. 1776 Wealth LLC acquired a new stake in Mastercard in the first quarter worth about $28,000. Pacific Center for Financial Services grew its holdings in Mastercard by 582.4% in the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 99 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Mastercard by 70.5% in the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 55 shares during the last quarter. Wealth Quarterback LLC acquired a new position in Mastercard during the fourth quarter worth $33,000. Finally, Lion Street Advisors LLC acquired a new position in Mastercard during the first quarter worth $39,000. 73.95% of the stock is currently owned by institutional investors.
MA has been the subject of a number of research reports. Citigroup lifted their price target on Mastercard from $317.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Jefferies Financial Group cut Mastercard from a “buy” rating to a “hold” rating and dropped their target price for the stock from $290.00 to $275.00 in a report on Wednesday, April 15th. Piper Sandler dropped their target price on Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Wells Fargo & Co dropped their price target on Mastercard from $370.00 to $325.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Raymond James upped their price target on Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus price target of $326.85.
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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