Foundation Mastercard Sells 15,890 Shares of Mastercard Inc (NYSE:MA) Stock

Mastercard Inc (NYSE:MA) major shareholder Foundation Mastercard sold 15,890 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the completion of the sale, the insider now owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, August 9th, Foundation Mastercard sold 23,850 shares of Mastercard stock. The shares were sold at an average price of $271.42, for a total transaction of $6,473,367.00.
  • On Friday, August 2nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $268.46, for a total transaction of $2,134,257.00.
  • On Tuesday, August 6th, Foundation Mastercard sold 15,900 shares of Mastercard stock. The shares were sold at an average price of $265.31, for a total transaction of $4,218,429.00.
  • On Monday, July 29th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $281.81, for a total transaction of $2,240,389.50.
  • On Wednesday, July 31st, Foundation Mastercard sold 23,850 shares of Mastercard stock. The shares were sold at an average price of $279.47, for a total transaction of $6,665,359.50.
  • On Friday, July 26th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $281.12, for a total transaction of $2,234,904.00.
  • On Wednesday, July 24th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.32, for a total transaction of $2,204,694.00.
  • On Monday, July 22nd, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $277.47, for a total transaction of $2,205,886.50.
  • On Thursday, July 18th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00.
  • On Tuesday, July 16th, Foundation Mastercard sold 7,950 shares of Mastercard stock. The shares were sold at an average price of $279.16, for a total transaction of $2,219,322.00.

MA traded up $4.53 during midday trading on Tuesday, hitting $274.53. 3,900,093 shares of the company traded hands, compared to its average volume of 3,531,169. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a market cap of $273.08 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.18 and a beta of 1.08. The firm has a 50-day moving average of $273.12. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $283.33.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. On average, analysts expect that Mastercard Inc will post 7.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio is currently 20.34%.

A number of institutional investors and hedge funds have recently bought and sold shares of MA. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at approximately $1,701,899,000. Polen Capital Management LLC grew its holdings in Mastercard by 65.9% during the 2nd quarter. Polen Capital Management LLC now owns 4,392,067 shares of the credit services provider’s stock valued at $1,161,833,000 after buying an additional 1,744,262 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Mastercard by 12.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock valued at $3,640,576,000 after buying an additional 1,548,776 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Mastercard by 26,075.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after buying an additional 1,280,570 shares in the last quarter. Finally, FMR LLC grew its holdings in Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after buying an additional 720,407 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

A number of research analysts have issued reports on MA shares. Deutsche Bank boosted their price objective on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. UBS Group boosted their price objective on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets set a $328.00 price objective on shares of Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Finally, Raymond James boosted their price objective on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $291.80.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Story: Back-End Load

Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.