Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $48,069,720.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the completion of the transaction, the insider now owns 93,226,308 shares of the company’s stock, valued at $41,494,097,427.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 10th, Foundation Mastercard sold 113,000 shares of Mastercard stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $444.04, for a total transaction of $47,512,280.00.
• On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was sold at an average price of $453.25, for a total transaction of $47,138,000.00.
• On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was sold at an average price of $457.21, for a total transaction of $49,378,680.00.
• On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The stock was sold at an average price of $460.20, for a total transaction of $56,144,400.00.
• On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The stock was sold at an average price of $456.74, for a total transaction of $64,857,080.00.

Mastercard Stock Down 0.1 %

Shares of NYSE MA opened at $444.63 on Friday. The firm has a market cap of $413.33 billion, a PE ratio of 35.34, a P/E/G ratio of 1.74 and a beta of 1.09. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company’s fifty day simple moving average is $454.26 and its 200 day simple moving average is $450.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last issued its earnings results 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. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Wells Fargo & Company upped their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Mizuho decreased their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC lifted its stake in shares of Mastercard by 91.9% in the third quarter. Catalyst Capital Advisors LLC now owns 1,535 shares of the credit services provider’s stock valued at $608,000 after buying an additional 735 shares in the last quarter. Truepoint Inc. bought a new position in shares of Mastercard in the third quarter valued at $565,000. Loomis Sayles & Co. L P lifted its stake in shares of Mastercard by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 811,110 shares of the credit services provider’s stock valued at $321,127,000 after buying an additional 12,774 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in shares of Mastercard by 2.1% in the third quarter. E Fund Management Co. Ltd. now owns 1,427 shares of the credit services provider’s stock valued at $565,000 after buying an additional 29 shares in the last quarter. Finally, Midwest Professional Planners LTD. raised its holdings in shares of Mastercard by 8.8% in the third quarter. Midwest Professional Planners LTD. now owns 658 shares of the credit services provider’s stock valued at $261,000 after purchasing an additional 53 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

About Mastercard

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.