Mastercard Incorporated (NYSE:MA - Get Free Report) major shareholder Foundation Mastercard sold 116,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the transaction, the insider now owns 96,651,308 shares of the company's stock, valued at $43,013,698,112.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 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 transaction of $49,863,140.00.
- On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The stock was 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 stock was sold at an average price of $487.25, for a total transaction of $97,450.00.
Mastercard Stock Performance
Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
From Banyan Hill Publishing | Ad
If you think AI is big, then you have got to check out something I call Imperium…
By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
Watch my video for all of the details
Shares of MA opened at $441.10 on Friday. The company has a market capitalization of $411.50 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.17. The company's fifty day moving average price is $470.17 and its 200 day moving average price is $437.44.
Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 EPS. As a group, analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current year.
Mastercard Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard's dividend payout ratio (DPR) is presently 20.99%.
Institutional Trading of Mastercard
Several hedge funds and other institutional investors have recently bought and sold shares of MA. Altshuler Shaham Ltd acquired a new stake in Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC boosted its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard during the 4th quarter valued at about $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a "buy" rating for the company in a research note on Thursday. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a "buy" rating and a $545.00 price objective for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Evercore ISI increased their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Finally, KeyCorp increased their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.55.
Get Our Latest Stock Report on Mastercard
About Mastercard
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
