Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells 29,206 Shares of Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $127.97, for a total transaction of $3,737,491.82. Following the transaction, the insider now directly owns 112,386,209 shares in the company, valued at $14,382,063,165.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sales and purchases with the SEC.

Foundation Mastercard also recently made the following trade(s):

• On Tuesday, August 1st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $129.03, for a total transaction of $3,768,450.18.
• On Wednesday, August 2nd, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $128.84, for a total transaction of $11,288,703.12.
• On Thursday, July 27th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $129.27, for a total transaction of $3,775,459.62.
• On Wednesday, July 26th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $130.33, for a total transaction of $3,806,417.98.
• On Friday, July 28th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.42, for a total transaction of $11,339,521.56.
• On Tuesday, July 25th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.46, for a total transaction of $11,343,026.28.
• On Wednesday, July 19th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $128.00, for a total transaction of $3,738,368.00.
• On Tuesday, July 18th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $127.63, for a total transaction of $3,727,561.78.
• On Thursday, July 20th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64.
• 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.

Mastercard Incorporated (MA) traded down 0.37% on Thursday, reaching $130.13. 794,150 shares of the company were exchanged. The stock has a market capitalization of $138.58 billion, a price-to-earnings ratio of 32.29 and a beta of 1.17. The stock has a 50-day moving average price of $124.99 and a 200 day moving average price of $116.49. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Analysts forecast that Mastercard Incorporated will post $4.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.

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Several equities analysts recently issued reports on MA shares. BidaskClub lowered shares of Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of Mastercard from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price target (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Mastercard in a report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $147.00 price target (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $128.20.

A number of hedge funds have recently modified their holdings of the company. Glassman Wealth Services boosted its stake in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares in the last quarter. Norway Savings Bank boosted its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after buying an additional 18 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after buying an additional 18 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 75.68% of the company’s stock.

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.