Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the transaction, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Foundation Mastercard also recently made the following trade(s):
- On Thursday, August 10th, Foundation Mastercard sold 87,623 shares of Mastercard stock. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82.
- On Friday, August 4th, Foundation Mastercard sold 58,412 shares of Mastercard stock. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44.
- 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 value of $3,768,450.18.
- On Monday, July 31st, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $127.97, for a total value of $3,737,491.82.
- 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 value 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 value 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 value 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 value 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 value 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 value of $3,738,368.00.
Mastercard Incorporated (NYSE MA) opened at 131.58 on Wednesday. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The firm has a 50-day moving average price of $127.02 and a 200 day moving average price of $117.92. The firm has a market capitalization of $140.12 billion, a price-to-earnings ratio of 32.65 and a beta of 1.17.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post $4.40 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.78%.
Several brokerages have recently weighed in on MA. Zacks Investment Research upgraded Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $130.00 target price on shares of Mastercard in a report on Friday, June 16th. Morgan Stanley upped their target price on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. BMO Capital Markets upped their target price on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Finally, Mizuho initiated coverage on Mastercard in a report on Tuesday, June 27th. They set a “neutral” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $128.20.
Several hedge funds have recently modified their holdings of MA. Guardian Capital LP increased its stake in Mastercard by 16.6% in the fourth quarter. Guardian Capital LP now owns 112,018 shares of the credit services provider’s stock worth $11,566,000 after buying an additional 15,988 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in Mastercard by 3.1% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 904,917 shares of the credit services provider’s stock worth $93,433,000 after buying an additional 26,865 shares in the last quarter. A.R.T. Advisors LLC increased its stake in Mastercard by 755.8% in the fourth quarter. A.R.T. Advisors LLC now owns 36,800 shares of the credit services provider’s stock worth $3,799,000 after buying an additional 32,500 shares in the last quarter. Girard Securities Inc. bought a new stake in Mastercard during the fourth quarter worth about $201,000. Finally, GSA Capital Partners LLP increased its stake in Mastercard by 1,165.6% in the fourth quarter. GSA Capital Partners LLP now owns 45,106 shares of the credit services provider’s stock worth $4,657,000 after buying an additional 41,542 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.
About Mastercard
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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