Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 147,000 Shares

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 147,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.58, for a total value of $65,794,260.00. Following the completion of the transaction, the insider now owns 96,230,308 shares of the company’s stock, valued at $43,070,761,254.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 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 Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00.
• 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 shares were 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 shares were sold at an average price of $462.78, for a total value 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 stock was 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 Price Performance

NYSE MA traded up $1.12 during trading on Tuesday, reaching $450.49. The company’s stock had a trading volume of 802,203 shares, compared to its average volume of 2,453,507. The firm has a fifty day moving average of $469.07 and a 200 day moving average of $438.74. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. 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 stock has a market capitalization of $420.26 billion, a PE ratio of 35.72, a P/E/G ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. Analysts expect that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MA shares. KeyCorp raised their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Robert W. Baird lifted their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $496.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Activest Wealth Management grew its stake in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc boosted its stake in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA boosted its stake in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in shares of Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

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.