Foundation Mastercard Sells 60,210 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 60,210 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $337.09, for a total transaction of $20,296,188.90. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, November 6th, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $313.79, for a total transaction of $9,445,079.00.
• On Monday, November 9th, Foundation Mastercard sold 90,300 shares of Mastercard stock. The shares were sold at an average price of $325.65, for a total transaction of $29,406,195.00.
• On Monday, November 2nd, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $292.30, for a total transaction of $8,798,230.00.
• On Wednesday, November 4th, Foundation Mastercard sold 90,300 shares of Mastercard stock. The shares were sold at an average price of $299.09, for a total transaction of $27,007,827.00.
• On Friday, October 30th, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $286.48, for a total transaction of $8,623,048.00.
• On Wednesday, October 28th, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $297.30, for a total transaction of $8,948,730.00.
• On Monday, October 26th, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $320.69, for a total transaction of $9,652,769.00.
• On Friday, October 23rd, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $330.67, for a total transaction of $9,953,167.00.
• On Wednesday, October 21st, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $333.40, for a total transaction of $10,035,340.00.
• On Monday, October 19th, Foundation Mastercard sold 30,100 shares of Mastercard stock. The shares were sold at an average price of $336.75, for a total transaction of $10,136,175.00.

Shares of NYSE MA opened at $335.03 on Friday. The stock has a market capitalization of $334.00 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.82 and a beta of 1.16. The company has a 50-day moving average price of $328.31 and a 200-day moving average price of $314.48. Mastercard Incorporated has a 1 year low of $199.99 and a 1 year high of $367.25. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 6.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, October 9th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, October 8th. Mastercard’s dividend payout ratio is currently 20.59%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Equitable Holdings Inc. grew its stake in Mastercard by 8.9% during the third quarter. Equitable Holdings Inc. now owns 5,407 shares of the credit services provider’s stock valued at $1,828,000 after acquiring an additional 440 shares in the last quarter. Transcend Wealth Collective LLC purchased a new stake in shares of Mastercard in the 3rd quarter worth about $902,000. Orion Portfolio Solutions LLC grew its position in shares of Mastercard by 166.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,529 shares of the credit services provider’s stock worth $3,223,000 after buying an additional 5,958 shares during the period. Public Sector Pension Investment Board grew its position in Mastercard by 63.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 226,771 shares of the credit services provider’s stock valued at $76,687,000 after purchasing an additional 88,241 shares during the last quarter. Finally, Morgan Stanley grew its position in Mastercard by 6.5% during the 3rd quarter. Morgan Stanley now owns 14,937,228 shares of the credit services provider’s stock valued at $5,051,323,000 after purchasing an additional 908,871 shares during the last quarter. 73.72% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on MA shares. Smith Barney Citigroup dropped their price target on shares of Mastercard from $384.00 to $355.00 in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $320.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Truist raised their price target on shares of Mastercard from $375.00 to $415.00 in a research note on Friday, August 28th. KeyCorp dropped their price target on shares of Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $371.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $348.18.

Mastercard Company Profile

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 delivers related products and services.

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