Mastercard Incorporated (NYSE:MA) Position Lessened by Jacobsen Capital Management

Jacobsen Capital Management decreased its stake in Mastercard Incorporated (NYSE:MA) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,972 shares of the credit services provider’s stock after selling 161 shares during the period. Mastercard accounts for 0.4% of Jacobsen Capital Management’s portfolio, making the stock its 23rd largest position. Jacobsen Capital Management’s holdings in Mastercard were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Palisade Asset Management LLC bought a new stake in Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new stake in Mastercard during the 2nd quarter valued at $35,000. Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard 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 sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp boosted their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Bank of America boosted their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Stock Performance

Shares of MA stock opened at $506.28 on Wednesday. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $467.72 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 2.27 and a beta of 1.10. The stock’s fifty day simple moving average is $493.40 and its 200-day simple moving average is $465.94.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share 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, sell-side analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is 20.18%.

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.