Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Mastercard Incorporated (MA) traded up 0.33% during trading on Monday, reaching $127.43. The company had a trading volume of 2,291,720 shares. The stock has a 50 day moving average of $121.69 and a 200 day moving average of $113.06. The stock has a market capitalization of $136.59 billion, a price-to-earnings ratio of 33.27 and a beta of 1.17. Mastercard Incorporated has a 52-week low of $90.72 and a 52-week high of $127.58. Mastercard also was the target of unusually large options trading activity on Friday. Stock investors bought 9,394 call options on the stock. This is an increase of approximately 180% compared to the average volume of 3,350 call options.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post $4.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.69%. Mastercard’s dividend payout ratio is currently 22.98%.
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A number of institutional investors have recently modified their holdings of MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard during the first quarter worth about $100,000. Integrated Investment Consultants LLC boosted its position in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares in the last quarter. Lipe & Dalton acquired a new position in shares of Mastercard during the first quarter worth about $101,000. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Finally, Israel Discount Bank of New York GFN acquired a new position in shares of Mastercard during the fourth quarter worth about $110,000. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on MA. Jefferies Group LLC set a $123.00 target price on Mastercard and gave the company a “buy” rating in a report on Saturday, March 25th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Mizuho began coverage on Mastercard in a report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 target price for the company. Royal Bank Of Canada reiterated a “top pick” rating and issued a $130.00 target price on shares of Mastercard in a report on Friday, June 16th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $124.10.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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