Foundation Mastercard Sells 90,994 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) major shareholder Foundation Mastercard sold 90,994 shares of the firm’s stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $315.30, for a total value of $28,690,408.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 Monday, November 29th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $322.13, for a total value of $29,311,897.22.
• On Friday, November 26th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The shares were sold at an average price of $323.10, for a total value of $29,400,161.40.
• On Wednesday, November 24th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $331.84, for a total value of $30,195,448.96.
• On Monday, November 22nd, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $327.91, for a total transaction of $29,837,842.54.
• On Friday, November 19th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $344.48, for a total transaction of $31,345,613.12.
• On Wednesday, November 17th, Foundation Mastercard sold 90,994 shares of Mastercard stock. The stock was sold at an average price of $354.40, for a total transaction of $32,248,273.60.

Shares of Mastercard stock traded down $2.39 during mid-day trading on Friday, hitting $317.81. The stock had a trading volume of 62,897 shares, compared to its average volume of 4,087,009. The firm has a 50-day moving average of $345.31 and a two-hundred day moving average of $358.23. Mastercard Incorporated has a 12-month low of $306.00 and a 12-month high of $401.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.95. The firm has a market cap of $312.27 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 28th. The credit services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.18. Mastercard had a net margin of 45.50% and a return on equity of 116.88%. The business had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 8.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 9th. Stockholders of record on Friday, January 7th will be paid a $0.49 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, January 6th. This represents a $1.96 annualized dividend and a dividend yield of 0.62%. Mastercard’s dividend payout ratio is 21.65%.

Mastercard announced that its board has authorized a stock repurchase plan on Tuesday, November 30th that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several equities analysts have issued reports on MA shares. Mizuho lifted their price target on shares of Mastercard from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 15th. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $427.00 to $430.00 and gave the company an “overweight” rating in a report on Tuesday, August 17th. Wells Fargo & Company boosted their target price on shares of Mastercard from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, November 11th. UBS Group assumed coverage on shares of Mastercard in a research report on Thursday, November 18th. They set a “buy” rating and a $448.00 target price for the company. Finally, Daiwa Capital Markets downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price objective for the company. in a research report on Thursday, August 12th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $426.57.

Several large investors have recently bought and sold shares of MA. Cranbrook Wealth Management LLC lifted its holdings in Mastercard by 217.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Rocky Mountain Advisers LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $36,000. Moors & Cabot Inc. raised its holdings in shares of Mastercard by 280.0% in the 3rd quarter. Moors & Cabot Inc. now owns 37,000 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 27,263 shares in the last quarter. Capital Directions Investment Advisors LLC raised its holdings in shares of Mastercard by 234.4% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 107 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. Finally, Avion Wealth raised its holdings in shares of Mastercard by 34.0% in the 3rd quarter. Avion Wealth now owns 134 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 34 shares in the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

Featured Article: Marijuana Stocks

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Mastercard right now?

Before you consider Mastercard, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Mastercard wasn’t on the list.

While Mastercard currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here