Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $55,746,740.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 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, August 19th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00.
• On Wednesday, June 26th, Foundation Mastercard sold 138,000 shares of Mastercard stock. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00.
• On Monday, June 24th, Foundation Mastercard sold 131,000 shares of Mastercard stock. The shares were 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 value 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 value of $47,719,860.00.
• On Friday, June 14th, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00.
• On Wednesday, June 12th, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were 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 shares were 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 shares were sold at an average price of $445.11, for a total value of $51,187,650.00.

Mastercard Stock Down 0.3 %

NYSE MA opened at $467.74 on Thursday. The stock has a market cap of $434.82 billion, a PE ratio of 37.18, a P/E/G ratio of 1.82 and a beta of 1.09. The business has a 50 day moving average price of $449.82 and a two-hundred day moving average price of $458.40. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Barclays upped their target price on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. TD Cowen lifted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Piper Sandler raised their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Evercore ISI dropped their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $512.09.

Hedge Funds Weigh In On Mastercard

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Mastercard by 2.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock valued at $2,937,000 after acquiring an additional 141 shares in the last quarter. Patrick M Sweeney & Associates Inc. bought a new stake in shares of Mastercard in the 4th quarter worth about $451,000. J.W. Cole Advisors Inc. raised its stake in shares of Mastercard by 26.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 3,276 shares of the credit services provider’s stock valued at $1,397,000 after purchasing an additional 690 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Mastercard during the fourth quarter worth about $33,000. Finally, CWM LLC grew its stake in Mastercard by 24.2% in the fourth quarter. CWM LLC now owns 37,544 shares of the credit services provider’s stock worth $16,013,000 after purchasing an additional 7,313 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

About Mastercard

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.