Jackson Wealth Management LLC Acquires 13,256 Shares of Mastercard Incorporated (NYSE:MA)

Jackson Wealth Management LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 74.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,987 shares of the credit services provider’s stock after purchasing an additional 13,256 shares during the period. Mastercard comprises 1.8% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Jackson Wealth Management LLC’s holdings in Mastercard were worth $15,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Swedbank AB purchased a new position in Mastercard in the first quarter worth about $660,652,000. PineStone Asset Management Inc. lifted its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $259,071,000. Finally, Capital World Investors grew its holdings in shares of Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after buying an additional 387,317 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MA shares. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. KeyCorp raised their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna lifted their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Mastercard Trading Down 0.4 %

Shares of NYSE:MA traded down $1.93 during trading on Thursday, reaching $511.80. 344,747 shares of the company were exchanged, compared to its average volume of 2,425,444. The business’s fifty day simple moving average is $490.23 and its 200-day simple moving average is $464.93. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.82. The firm has a market capitalization of $475.78 billion, a PE ratio of 40.68, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, research analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.