Foundation Mastercard Sells 109,000 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the sale, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 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 shares were 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 transaction of $97,450.00.

Mastercard Trading Up 0.1 %

Shares of MA opened at $462.42 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The firm has a 50-day moving average price of $471.35 and a 200 day moving average price of $436.10. The firm has a market capitalization of $431.39 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Analysts Set New Price Targets

Several research firms recently issued reports on MA. Oppenheimer reiterated an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Evercore ISI boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $525.00 to $545.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.23.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Foster Victor Wealth Advisors LLC boosted its stake in Mastercard by 2.9% during the first quarter. Foster Victor Wealth Advisors LLC now owns 43,994 shares of the credit services provider’s stock worth $20,603,000 after buying an additional 1,242 shares during the period. K.J. Harrison & Partners Inc boosted its stake in Mastercard by 0.7% during the first quarter. K.J. Harrison & Partners Inc now owns 6,372 shares of the credit services provider’s stock worth $3,069,000 after buying an additional 44 shares during the period. Sterling Investment Counsel LLC boosted its stake in Mastercard by 6.6% during the first quarter. Sterling Investment Counsel LLC now owns 1,863 shares of the credit services provider’s stock worth $897,000 after buying an additional 115 shares during the period. Harrington Investments INC boosted its stake in Mastercard by 121.8% during the first quarter. Harrington Investments INC now owns 2,620 shares of the credit services provider’s stock worth $1,262,000 after buying an additional 1,439 shares during the period. Finally, BLB&B Advisors LLC boosted its stake in Mastercard by 59.8% during the first quarter. BLB&B Advisors LLC now owns 4,597 shares of the credit services provider’s stock worth $2,214,000 after buying an additional 1,720 shares during the period. Hedge funds and other institutional investors 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.