Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. 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 Monday, July 17th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80.
Shares of Mastercard Incorporated (NYSE MA) traded up 0.284% during midday trading on Friday, reaching $128.835. 2,753,125 shares of the company’s stock traded hands. The stock has a 50 day moving average of $123.84 and a 200-day moving average of $115.16. Mastercard Incorporated has a 12 month low of $92.11 and a 12 month high of $130.20. The stock has a market cap of $138.10 billion, a P/E ratio of 33.638 and a beta of 1.17.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post $4.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 22.98%.
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Several hedge funds and other institutional investors have recently modified their holdings of MA. Norges Bank purchased a new position in Mastercard during the fourth quarter valued at $857,217,000. Vanguard Group Inc. boosted its position in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Mastercard during the fourth quarter valued at $180,091,000. Clearbridge Investments LLC boosted its position in Mastercard by 22,644.6% in the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after buying an additional 1,677,737 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Mastercard by 24.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,983,482 shares of the credit services provider’s stock valued at $617,794,000 after buying an additional 1,182,995 shares during the period. Hedge funds and other institutional investors own 75.74% of the company’s stock.
MA has been the subject of several recent research reports. BidaskClub cut shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research cut shares of Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reiterated a “buy” rating and set a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $125.40.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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