Foundation Mastercard Sells 109,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large 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, 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 transaction 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 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 Stock Up 0.1 %

MA opened at $462.42 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a market capitalization of $431.39 billion, a PE ratio of 39.09, a PEG ratio of 1.76 and a beta of 1.08. The firm’s 50 day simple moving average is $471.35 and its two-hundred day simple moving average is $436.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm earned $2.65 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given 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 0.57%. Mastercard’s payout ratio is presently 22.32%.

Analysts Set New Price Targets

MA has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Raymond James upped their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Mizuho restated a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MA. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the fourth quarter worth $26,000. VitalStone Financial LLC increased its stake in shares of 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 in the fourth quarter worth $27,000. Westend Capital Management LLC purchased a new stake in shares of Mastercard in the first quarter worth $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter worth $28,000. 97.28% of the stock is currently owned by institutional investors.

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.