Foundation Mastercard Sells 113,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 113,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $447.85, for a total transaction of $50,607,050.00. Following the sale, the insider now directly owns 93,446,308 shares of the company’s stock, valued at approximately $41,849,929,037.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Friday, June 7th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The shares were sold at an average price of $450.63, for a total value of $51,822,450.00.
• 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 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.
• On Tuesday, May 28th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The stock was sold at an average price of $444.04, for a total value of $47,512,280.00.
• On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was 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 transaction 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 transaction 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 value of $64,500,450.00.

Mastercard Stock Performance

NYSE MA traded down $3.00 on Tuesday, hitting $446.25. 730,968 shares of the stock were exchanged, compared to its average volume of 2,394,810. The company has a market capitalization of $414.84 billion, a PE ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 1.09. 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 business’s fifty day moving average is $456.69 and its 200 day moving average is $449.75. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00.

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

Institutional Trading of Mastercard

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC UT raised its stake in shares of Mastercard by 3.6% in the third quarter. Alliance Wealth Advisors LLC UT now owns 9,388 shares of the credit services provider’s stock worth $3,717,000 after purchasing an additional 324 shares during the last quarter. Arjuna Capital grew its holdings in shares of Mastercard by 2.9% in the third quarter. Arjuna Capital now owns 12,092 shares of the credit services provider’s stock valued at $4,787,000 after acquiring an additional 343 shares in the last quarter. Cyrus J. Lawrence LLC grew its stake in Mastercard by 1.0% in the 3rd quarter. Cyrus J. Lawrence LLC now owns 24,050 shares of the credit services provider’s stock valued at $9,521,000 after purchasing an additional 238 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Mastercard by 0.3% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 62,196 shares of the credit services provider’s stock valued at $24,624,000 after purchasing an additional 190 shares during the last quarter. Finally, IPG Investment Advisors LLC grew its position in Mastercard by 47.4% during the third quarter. IPG Investment Advisors LLC now owns 4,850 shares of the credit services provider’s stock valued at $1,920,000 after buying an additional 1,559 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. Barclays decreased their price target on shares of 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 shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Robert W. Baird raised their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Evercore ISI increased their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley cut their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $497.78.

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.