Mastercard Inc. (NYSE:MA) saw one of its large shareholders, Foundation Mastercard, complete a disposition of 26,808 shares yesterday. The Class A Common Stock, Par Value $.0001 was sold in a two day transaction and commenced on Friday, when the shareholder sold 13,404 company shares for a price of $77.16 per share. The insider then disposed of the remaining 13,404 shares yesterday, paying a price of $76.94 per share.
While this was the first disposition to be completed by the insider this quarter, the $90.8 billion market cap global payment company recorded several stock sales over the past months. Gary Flood, President of General Products and Solutions at Mastercard, unloaded 9,298 shares of Class A Common Stock in June, for a weighted average price of $76.75 per share. And in May, the company’s President of the North America division, Chris Mcwilton reported a sale of 16,220 shares for a price of $74.00 per share.
Regarding shareholding hedge funds, Harris Associates, run by Natixis Global Asset Management, holds the strongest position with 20.1 million shares, at a value of $1.5 billion.