Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells 138,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00.
• On Thursday, June 20th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $451.07, for a total value of $50,068,770.00.
• On Monday, June 17th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The shares were sold at an average price of $445.98, for a total value of $47,719,860.00.
• On Friday, June 14th, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00.
• On Wednesday, June 12th, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were sold at an average price of $445.09, for a total value of $48,069,720.00.
• 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 value 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 stock was sold at an average price of $445.11, for a total value of $51,187,650.00.
• On Monday, June 3rd, Foundation Mastercard sold 110,000 shares of Mastercard stock. The stock was 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 shares were sold at an average price of $442.70, for a total transaction of $46,040,800.00.

Mastercard Stock Down 1.4 %

MA traded down $6.12 during midday trading on Thursday, reaching $446.26. The company’s stock had a trading volume of 1,475,253 shares, compared to its average volume of 2,432,161. The firm has a market capitalization of $414.85 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 1.78 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The stock’s 50-day moving average is $452.02 and its 200-day moving average is $452.77.

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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Institutional Trading of Mastercard

Hedge funds and other institutional investors have recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in Mastercard during the first quarter valued at $27,000. Palisade Asset Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. VitalStone Financial LLC lifted its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Mastercard during the fourth quarter valued at $26,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter valued at $27,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Company Profile

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.