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 Mastercard stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $447.85, for a total value of $50,607,050.00. Following the completion of the transaction, the insider now owns 93,446,308 shares of the company’s stock, valued at $41,849,929,037.80. The transaction was disclosed in a document filed 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 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 stock was 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 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 stock was sold at an average price of $453.25, for a total transaction of $47,138,000.00.
• On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were 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 stock was sold at an average price of $456.74, for a total value of $64,857,080.00.
• On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The shares were sold at an average price of $457.45, for a total value of $64,500,450.00.

Mastercard Stock Performance

MA opened at $443.00 on Thursday. The business has a fifty day simple moving average of $455.40 and a 200-day simple moving average of $449.96. The firm has a market cap of $411.82 billion, a PE ratio of 35.21, a P/E/G ratio of 1.76 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two 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 for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $2.80 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastercard

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after purchasing an additional 330,872 shares in the last quarter. Capital International Investors boosted its position in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the period. Capital Research Global Investors grew its holdings in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after buying an additional 43,881 shares in the last quarter. Norges Bank acquired a new position in Mastercard during the fourth quarter valued at $4,595,559,000. Finally, Northern Trust Corp lifted its stake in Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after acquiring an additional 251,516 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Barclays cut their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Piper Sandler assumed coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Morgan Stanley lowered their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.