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Mastercard Incorporated (MA) Major Shareholder Sells $3,727,561.78 in Stock

Mastercard logoMastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the completion of the transaction, the insider now owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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):

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  • On Thursday, July 27th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $129.27, for a total transaction of $3,775,459.62.
  • On Wednesday, July 26th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The shares were sold at an average price of $130.33, for a total transaction of $3,806,417.98.
  • On Friday, July 28th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.42, for a total transaction of $11,339,521.56.
  • On Tuesday, July 25th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The shares were sold at an average price of $129.46, for a total transaction of $11,343,026.28.
  • On Wednesday, July 19th, Foundation Mastercard sold 29,206 shares of Mastercard stock. The stock was sold at an average price of $128.00, for a total transaction of $3,738,368.00.
  • On Thursday, July 20th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64.
  • On Monday, July 17th, Foundation Mastercard sold 87,618 shares of Mastercard stock. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80.

Shares of Mastercard Incorporated (MA) traded up 1.32% during mid-day trading on Tuesday, reaching $129.49. The company’s stock had a trading volume of 4,010,422 shares. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The firm has a market cap of $135.86 billion, a PE ratio of 32.13 and a beta of 1.17. The company has a 50-day moving average of $124.74 and a 200-day moving average of $116.33.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, analysts predict that Mastercard Incorporated will post $4.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is presently 21.78%.

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Several hedge funds and other institutional investors have recently modified their holdings of MA. Vanguard Group Inc. raised its position in shares of Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares in the last quarter. State Street Corp boosted its stake in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after buying an additional 591,427 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard during the fourth quarter valued at $857,217,000. 75.68% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on MA. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a report on Friday, April 14th. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 price target on shares of Mastercard in a report on Friday, June 16th. Finally, Cowen and Company restated an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $128.20.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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

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