Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $62,540,220.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00.
• On Thursday, June 20th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00.
• On Monday, June 17th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The stock was sold at an average price of $445.98, for a total transaction of $47,719,860.00.
• On Friday, June 14th, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $443.63, for a total transaction of $51,461,080.00.
• On Wednesday, June 12th, Foundation Mastercard sold 108,000 shares of Mastercard stock. The stock was sold at an average price of $445.09, for a total transaction of $48,069,720.00.
• On Monday, June 10th, Foundation Mastercard sold 113,000 shares of Mastercard stock. The stock was sold at an average price of $447.85, for a total transaction of $50,607,050.00.
• 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 transaction of $51,822,450.00.
• On Wednesday, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The stock was sold at an average price of $445.11, for a total transaction 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.

Mastercard Trading Down 1.4 %

MA stock traded down $6.12 during mid-day trading on Thursday, reaching $446.26. 1,475,253 shares of the stock traded hands, compared to its average volume of 2,432,161. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market cap of $414.85 billion, a P/E ratio of 35.53, a P/E/G ratio of 1.78 and a beta of 1.09. The stock’s fifty day moving average is $452.02 and its 200-day moving average is $452.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping 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 net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Activest Wealth Management grew its holdings in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc grew its stake in shares of Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA grew its stake in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp grew its position in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MA shares. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Susquehanna reiterated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Barclays decreased their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Morgan Stanley decreased their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Piper Sandler started coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

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.