Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells 142,000 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00. Following the transaction, the insider now owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The shares were sold at an average price of $447.58, for a total value of $65,794,260.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $445.04, for a total transaction 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 stock was 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 transaction of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00.

Mastercard Trading Up 0.4 %

MA stock opened at $454.98 on Thursday. The business has a fifty day moving average price of $468.64 and a 200 day moving average price of $439.23. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock has a market capitalization of $424.45 billion, a price-to-earnings ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Mizuho cut their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Finally, KeyCorp boosted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Hedge Funds Weigh In On Mastercard

A number of large investors have recently modified their holdings of MA. Altshuler Shaham Ltd bought a new stake in Mastercard during the 4th quarter worth about $26,000. VitalStone Financial LLC grew its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in Mastercard in the fourth quarter valued at approximately $27,000. Westend Capital Management LLC bought a new position in Mastercard in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

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.