Insider Selling: Mastercard Incorporated (NYSE:MA) Major Shareholder Sells 115,000 Shares of Stock

Mastercard Incorporated (NYSE:MAGet Free Report) major shareholder Foundation Mastercard sold 115,000 shares of Mastercard stock in a transaction on Friday, June 7th. The stock was sold at an average price of $450.63, for a total transaction of $51,822,450.00. Following the sale, the insider now owns 93,559,308 shares of the company’s stock, valued at $42,160,630,964.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, June 10th, Foundation Mastercard sold 113,000 shares of Mastercard stock. The stock was sold at an average price of $447.85, for a total transaction of $50,607,050.00.
  • On Wednesday, June 5th, Foundation Mastercard sold 115,000 shares of Mastercard stock. The stock was sold at an average price of $445.11, for a total transaction of $51,187,650.00.
  • On Monday, June 3rd, Foundation Mastercard sold 110,000 shares of Mastercard stock. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00.
  • On Thursday, May 30th, Foundation Mastercard sold 104,000 shares of Mastercard stock. The stock was sold at an average price of $442.70, for a total transaction of $46,040,800.00.
  • On Tuesday, May 28th, Foundation Mastercard sold 107,000 shares of Mastercard stock. The stock was sold at an average price of $444.04, for a total transaction of $47,512,280.00.
  • On Thursday, May 23rd, Foundation Mastercard sold 104,000 shares of Mastercard stock. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00.
  • On Tuesday, May 21st, Foundation Mastercard sold 108,000 shares of Mastercard stock. The shares were sold at an average price of $457.21, for a total transaction of $49,378,680.00.
  • On Friday, May 17th, Foundation Mastercard sold 122,000 shares of Mastercard stock. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00.
  • On Wednesday, May 15th, Foundation Mastercard sold 142,000 shares of Mastercard stock. The shares were sold at an average price of $456.74, for a total transaction of $64,857,080.00.
  • On Monday, May 13th, Foundation Mastercard sold 141,000 shares of Mastercard stock. The shares were sold at an average price of $457.45, for a total transaction of $64,500,450.00.

Mastercard Stock Performance

NYSE:MA opened at $443.00 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. The firm has a market capitalization of $411.82 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.76 and a beta of 1.09. The company’s 50-day moving average is $455.40 and its two-hundred day moving average is $449.96. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate 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 was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 EPS. Analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

Hedge Funds Weigh In On Mastercard

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jackson Wealth Management LLC boosted its holdings in Mastercard by 4.2% in the 1st quarter. Jackson Wealth Management LLC now owns 30,211 shares of the credit services provider’s stock valued at $14,549,000 after purchasing an additional 1,222 shares during the last quarter. American Trust lifted its holdings in shares of Mastercard by 12.2% in the 1st quarter. American Trust now owns 9,983 shares of the credit services provider’s stock worth $4,808,000 after acquiring an additional 1,083 shares during the last quarter. OMC Financial Services LTD acquired a new position in shares of Mastercard in the 1st quarter worth approximately $17,854,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Mastercard by 4.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,952 shares of the credit services provider’s stock worth $2,234,000 after acquiring an additional 222 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Mastercard by 56.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,094 shares of the credit services provider’s stock worth $527,000 after acquiring an additional 393 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Mizuho cut their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird boosted their target price 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. Finally, Evercore ISI boosted their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Check Out Our Latest Report on Mastercard

Mastercard Company Profile

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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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Insider Buying and Selling by Quarter for Mastercard (NYSE:MA)

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