Foundation Mastercard Sells 151,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the transaction, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00.
• On Friday, May 3rd, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00.
• On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00.
• On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The stock was sold at an average price of $462.57, for a total transaction of $52,732,980.00.
• On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00.
• On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00.
• On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00.
• On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Price Performance

MA opened at $455.53 on Friday. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company’s 50 day simple moving average is $468.16 and its 200 day simple moving average is $439.34. The stock has a market capitalization of $424.96 billion, a PE ratio of 36.21, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced 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 company had revenue of $6.35 billion for 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%. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. The Goldman Sachs Group raised their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Morgan Stanley decreased their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Robert W. Baird raised their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 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 stake in shares of Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after buying an additional 605,909 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter valued at about $4,595,559,000. Finally, Northern Trust Corp lifted its position in Mastercard by 2.9% during 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.

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.