Jensen Investment Management Inc. Has $471.37 Million Position in Mastercard Incorporated (NYSE:MA)

Jensen Investment Management Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 954,574 shares of the credit services provider’s stock after selling 55,632 shares during the period. Mastercard makes up about 3.9% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 9th biggest position. Jensen Investment Management Inc. owned approximately 0.10% of Mastercard worth $471,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Crossmark Global Holdings Inc. raised its stake in shares of Mastercard by 1.3% during the third quarter. Crossmark Global Holdings Inc. now owns 91,494 shares of the credit services provider’s stock valued at $45,180,000 after acquiring an additional 1,202 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in Mastercard by 101.2% in the 3rd quarter. Tyler Stone Wealth Management now owns 3,610 shares of the credit services provider’s stock worth $1,782,000 after purchasing an additional 1,816 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Mastercard by 77.4% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,783 shares of the credit services provider’s stock valued at $880,000 after acquiring an additional 778 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Mastercard by 21.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 129,017 shares of the credit services provider’s stock worth $63,709,000 after acquiring an additional 22,748 shares in the last quarter. Finally, Colonial River Investments LLC lifted its holdings in Mastercard by 4.9% during the third quarter. Colonial River Investments LLC now owns 756 shares of the credit services provider’s stock valued at $373,000 after purchasing an additional 35 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA traded up $6.88 during trading on Friday, hitting $524.76. The company’s stock had a trading volume of 2,215,681 shares, compared to its average volume of 2,508,209. The firm has a market cap of $481.64 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average of $499.68 and a 200-day moving average of $468.88. Mastercard Incorporated has a 12 month low of $386.74 and a 12 month high of $528.84.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s payout ratio is 19.97%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on 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 owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MA. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Compass Point assumed coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. Finally, Citigroup boosted their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

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.