Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells $62,783,880.00 in Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was 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 stock was 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 stock was sold at an average price of $487.25, for a total value of $97,450.00.

Mastercard Stock Up 0.4 %

Shares of Mastercard stock opened at $454.98 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The business has a 50-day moving average of $468.64 and a 200-day moving average of $439.23. The company has a market capitalization of $424.45 billion, a PE ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm earned $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Institutional Trading of Mastercard

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hoxton Planning & Management LLC increased its position in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC grew its stake in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its holdings in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC increased its holdings in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC raised its stake in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after buying an additional 23 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MA shares. KeyCorp increased their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. BMO Capital Markets lifted their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Raymond James lifted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

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.