Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 142,000 Shares

Mastercard Incorporated (NYSE:MA - Get Free Report) major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The stock was sold at an average price of $462.57, for a total value of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The stock was sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Trading Up 1.3 %

Shares of NYSE:MA traded up $5.79 during trading on Monday, hitting $449.37. The company had a trading volume of 2,513,529 shares, compared to its average volume of 2,473,001. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day simple moving average of $469.57 and a two-hundred day simple moving average of $438.31. The stock has a market cap of $419.21 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is currently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $520.00 to $510.00 and set an "overweight" rating for the company in a research note on Thursday. Susquehanna restated a "positive" rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Barclays decreased their price target on Mastercard from $549.00 to $530.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Wells Fargo & Company increased their price objective on Mastercard from $490.00 to $530.00 and gave the company an "overweight" rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $496.27.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider's stock worth $26,000 after purchasing an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Mastercard during the fourth quarter valued at about $27,000. Westend Capital Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Finally, Palisade Asset Management LLC purchased a new stake in Mastercard during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

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.