Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 115,000 Shares

Mastercard Incorporated (NYSE:MAGet Free Report) major shareholder Foundation Mastercard sold 115,000 shares of Mastercard stock in a transaction on Friday, June 7th. The shares were sold at an average price of $450.63, for a total value of $51,822,450.00. Following the completion of the transaction, the insider now owns 93,559,308 shares of the company’s stock, valued at approximately $42,160,630,964.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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 Wednesday, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The shares were 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 stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00.
  • On Thursday, May 30th, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was sold at an average price of $442.70, for a total transaction of $46,040,800.00.
  • On Tuesday, May 28th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The shares were sold at an average price of $444.04, for a total transaction of $47,512,280.00.
  • On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The shares were sold at an average price of $453.25, for a total value of $47,138,000.00.
  • On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00.
  • On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The stock was sold at an average price of $460.20, for a total value of $56,144,400.00.
  • On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $456.74, for a total transaction of $64,857,080.00.
  • On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The stock was sold at an average price of $457.45, for a total transaction of $64,500,450.00.
  • On Friday, May 10th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $456.57, for a total transaction of $64,832,940.00.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock opened at $449.31 on Tuesday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day simple moving average is $456.69 and its 200 day simple moving average is $449.75. The firm has a market cap of $417.68 billion, a PE ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. On average, analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler started coverage on Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $497.78.

View Our Latest Research Report on Mastercard

Hedge Funds Weigh In On Mastercard

A number of large investors have recently modified their holdings of the business. Westwood Holdings Group Inc. increased its position in shares of Mastercard by 56.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,094 shares of the credit services provider’s stock valued at $527,000 after acquiring an additional 393 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Mastercard by 4.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,309,726 shares of the credit services provider’s stock worth $624,195,000 after purchasing an additional 53,096 shares during the last quarter. Tactive Advisors LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $343,000. Motiv8 Investments LLC boosted its holdings in shares of Mastercard by 25.1% in the 1st quarter. Motiv8 Investments LLC now owns 1,391 shares of the credit services provider’s stock valued at $670,000 after buying an additional 279 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Mastercard in the first quarter valued at $170,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

About Mastercard

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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.

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

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