Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $62,540,220.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The shares were 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 transaction of $50,068,770.00.
• On Monday, June 17th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The stock was sold at an average price of $445.98, for a total transaction of $47,719,860.00.
• On Friday, June 14th, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $443.63, for a total transaction 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 stock was 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 stock was 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 shares were sold at an average price of $441.43, for a total value 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 Trading Down 0.4 %

MA stock opened at $441.16 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market cap of $410.11 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.73 and a beta of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The business’s 50 day moving average is $451.50 and its 200-day moving average is $453.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 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 analysts’ expectations of $6.34 billion. During the same period last year, the business earned $2.80 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MA. Vanguard Group Inc. raised its position in Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after purchasing an additional 330,872 shares during the last quarter. Capital International Investors raised its position in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after acquiring an additional 43,881 shares during the period. Norges Bank acquired a new stake in Mastercard in the fourth quarter worth about $4,595,559,000. Finally, Ameriprise Financial Inc. increased its position in Mastercard by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Barclays reduced their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Piper Sandler assumed coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Evercore ISI lowered their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average 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.