Foundation capital

Mastercard Incorporated (NYSE:MA) Major Shareholder Foundation Mastercard Sells 106,330 Shares


Mastercard Incorporated (NYSE:MA – Get Rating) major shareholder Foundation Mastercard sold 106,330 shares of the company in a transaction on Friday, May 13. The stock was sold at an average price of $333.03, for a total value of $35,411,079.90. Following the sale, the insider now owns 103,629,316 shares of the company, valued at $34,511,671,107.48. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink. Major shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

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

  • On Wednesday, May 11, The Mastercard Foundation sold 106,326 Mastercard shares. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24.
  • On Monday, May 9, The Mastercard Foundation sold 106,326 Mastercard shares. The stock was sold at an average price of $329.93, for a total transaction of $35,080,137.18.
  • On Monday, February 14, The Mastercard Foundation sold 155,060 Mastercard shares. The stock was sold at an average price of $372.93, for a total transaction of $57,826,525.80.

MA shares opened at $332.80 on Friday. The company has a debt ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a one-year minimum of $305.61 and a one-year maximum of $399.92. The company’s 50-day simple moving average is $349.13 and its 200-day simple moving average is $352.78. The stock has a market capitalization of $323.70 billion, a price/earnings ratio of 34.63, a PEG ratio of 1.54 and a beta of 1.01.

Mastercard (NYSE:MA – Get Rating) last released its quarterly results on Thursday, April 28. The credit service provider reported EPS of $2.76 for the quarter, beating the consensus estimate of $2.17 by $0.59. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The company posted revenue of $5.17 billion for the quarter, versus $4.90 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $1.74. The company’s quarterly revenue increased by 24.4% compared to the same quarter last year. As a group, research analysts expect Mastercard Incorporated to post EPS of 10.49 for the current year.

A number of brokerages have weighed in on MA recently. Citigroup cut its price target on Mastercard shares from $445.00 to $435.00 in a Monday, April 25 research report. Piper Sandler cut Mastercard shares from a “neutral” rating to an “underweight” rating and lowered her price target for the stock from $360.00 to $357.00 in a research report from the Friday, April 29. StockNews.com began covering Mastercard shares in a research report on Thursday, March 31. They set a “holding” rating for the company. JPMorgan Chase & Co. raised its price target on Mastercard shares from $400.00 to $430.00 in a Friday, April 29 research report. Finally, Raymond James cut his price target on Mastercard shares from $453.00 to $447.00 and set an “outperform” rating for the company in a Friday, Jan. 28 research report. One analyst rated the stock with a sell rating, two gave the company a hold rating and thirteen gave the company’s stock a buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $420.76.

Hedge funds have recently changed their holdings in the company. Abbrea Capital LLC increased its position in Mastercard shares by 0.5% in the 4th quarter. Abbrea Capital LLC now owns 5,605 shares of the credit service provider worth $2,014,000 after buying 27 additional shares in the last quarter. Foster & Motley Inc. increased its stake in Mastercard by 2.9% in the first quarter. Foster & Motley Inc. now owns 965 shares of the credit service provider worth $345,000 after acquiring 27 more shares in the last quarter. Adirondack Trust Co. increased its holdings in Mastercard by 3.9% during the fourth quarter. Adirondack Trust Co. now owns 746 shares of the credit service provider worth $268,000 after acquiring 28 more shares last quarter. Hexagon Capital Partners LLC increased its stake in Mastercard by 2.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider worth $426,000 after acquiring 29 additional shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its stake in Mastercard by 4.6% during the fourth quarter. Lenox Wealth Advisors LLC now owns 681 shares of the credit service provider worth $245,000 after acquiring 30 additional shares in the last quarter. 74.94% of the shares are currently held by institutional investors and hedge funds.

About Mastercard (Get an evaluation)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing and settlement, as well as the provision of other payment-related products and services.

Further reading

Insider buying and selling by quarter for Mastercard (NYSE:MA)



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