Mastercard Inc (NYSE:MA) Major Shareholder Sells $21,413,306.07 in Stock

Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 68,661 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $311.87, for a total value of $21,413,306.07. Following the completion of the transaction, the insider now directly owns 109,727,813 shares of the company’s stock, valued at approximately $34,220,813,040.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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, July 20th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The shares were sold at an average price of $308.54, for a total value of $21,187,441.80.
  • On Friday, July 17th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The shares were sold at an average price of $300.85, for a total value of $20,659,369.50.
  • On Wednesday, July 15th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The shares were sold at an average price of $304.83, for a total value of $20,932,676.10.
  • On Monday, July 13th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $296.75, for a total value of $20,377,822.50.
  • On Friday, July 10th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $293.60, for a total value of $20,161,512.00.
  • On Wednesday, July 8th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $299.68, for a total value of $20,579,025.60.
  • On Monday, July 6th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $305.32, for a total value of $20,966,324.40.
  • On Thursday, July 2nd, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $303.86, for a total value of $20,866,066.20.
  • On Monday, June 29th, Foundation Mastercard sold 68,670 shares of Mastercard stock. The stock was sold at an average price of $289.87, for a total value of $19,905,372.90.
  • On Wednesday, June 24th, Foundation Mastercard sold 206,010 shares of Mastercard stock. The stock was sold at an average price of $302.80, for a total value of $62,379,828.00.

Shares of Mastercard stock opened at $306.92 on Friday. The firm has a market capitalization of $309.18 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 3.77 and a beta of 1.08. Mastercard Inc has a fifty-two week low of $199.99 and a fifty-two week high of $347.25. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a 50 day moving average of $301.40 and a 200 day moving average of $291.55.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.10. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.98 billion. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. Analysts forecast that Mastercard Inc will post 6.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $1.60 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is 20.59%.

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $370.00 price target on shares of Mastercard in a report on Thursday, June 25th. Morgan Stanley increased their target price on Mastercard from $286.00 to $311.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Nomura reissued a “buy” rating and set a $334.00 target price on shares of Mastercard in a report on Thursday, April 30th. Barclays increased their target price on Mastercard from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group cut Mastercard from a “buy” rating to a “hold” rating and reduced their target price for the company from $290.00 to $275.00 in a report on Wednesday, April 15th. Six equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $328.43.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Mastercard by 0.7% during the first quarter. BlackRock Inc. now owns 66,884,745 shares of the credit services provider’s stock worth $16,156,679,000 after buying an additional 470,845 shares during the period. Capital Research Global Investors raised its stake in shares of Mastercard by 0.4% in the fourth quarter. Capital Research Global Investors now owns 17,804,905 shares of the credit services provider’s stock valued at $5,316,366,000 after acquiring an additional 62,592 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mastercard by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 14,038,211 shares of the credit services provider’s stock valued at $4,183,742,000 after acquiring an additional 367,242 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Mastercard by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 13,735,799 shares of the credit services provider’s stock valued at $3,318,022,000 after acquiring an additional 356,748 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mastercard by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 12,849,370 shares of the credit services provider’s stock valued at $3,103,895,000 after acquiring an additional 366,283 shares in the last quarter. Institutional investors own 73.87% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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