Mastercard Incorporated (NYSE:MA) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,147 shares of the credit services provider’s stock after selling 649 shares during the quarter. Jackson Square Capital LLC’s holdings in Mastercard were worth $2,542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sarasin & Partners LLP boosted its holdings in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Mastercard in the first quarter valued at $608,000. SteelPeak Wealth LLC grew its position in Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Mastercard during the first quarter worth about $2,938,000. Finally, OMC Financial Services LTD purchased a new position in shares of Mastercard in the 1st quarter worth about $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 3.1 %

Shares of NYSE MA opened at $521.13 on Thursday. Mastercard Incorporated has a 52-week low of $384.30 and a 52-week high of $527.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $481.44 billion, a P/E ratio of 39.42, a PEG ratio of 2.21 and a beta of 1.10. The stock’s 50 day moving average price is $498.11 and its two-hundred day moving average price is $468.02.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company posted $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is currently 19.97%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. KeyCorp lifted their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Mizuho increased their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $540.17.

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.