Mastercard Incorporated $MA Shares Sold by Jackson Wealth Management LLC

Jackson Wealth Management LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 1.9% in the second quarter, Holdings Channel.com reports. The fund owned 30,054 shares of the credit services provider’s stock after selling 589 shares during the quarter. Mastercard makes up 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 $16,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Apella Capital LLC acquired a new position in shares of Mastercard during the 1st quarter worth $337,000. Matrix Trust Co raised its stake in shares of Mastercard by 35.6% during the 1st quarter. Matrix Trust Co now owns 411 shares of the credit services provider’s stock worth $225,000 after buying an additional 108 shares during the last quarter. Breakwater Capital Group increased its position in Mastercard by 6.3% during the 1st quarter. Breakwater Capital Group now owns 1,142 shares of the credit services provider’s stock worth $626,000 after purchasing an additional 68 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in Mastercard by 18.8% during the 1st quarter. Annex Advisory Services LLC now owns 1,615 shares of the credit services provider’s stock worth $885,000 after purchasing an additional 256 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,391 shares of company stock worth $20,836,514. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.6%

MA opened at $581.08 on Friday. The stock has a market capitalization of $525.30 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50-day moving average of $580.26 and a two-hundred day moving average of $561.67.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. TD Cowen reiterated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $630.89.

About Mastercard

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.