Mastercard Incorporated (NYSE:MA – Get Free Report) major shareholder Foundation Mastercard sold 142,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The sale was disclosed in a filing with the SEC, which is available through this link. Major 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 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 transaction of $51,624,640.00.
- On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were 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 stock was sold at an average price of $457.46, for a total value 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 value 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 Trading Up 1.3 %
MA opened at $449.37 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average of $469.07 and a 200-day moving average of $438.74. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The stock has a market cap of $419.21 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.
Institutional Trading of Mastercard
Large investors have recently modified their holdings of the stock. Westend Capital Management LLC acquired a new stake in Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Mastercard during the 4th quarter worth approximately $26,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Mastercard in the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 97.28% of the company’s stock.
Analyst Upgrades and Downgrades
MA has been the topic of several recent analyst reports. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. KeyCorp boosted their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.
View Our Latest Analysis on MA
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.
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