Jackson Square Partners LLC Sells 435,432 Shares of Mastercard Incorporated (MA)
Jackson Square Partners LLC cut its position in Mastercard Incorporated (NYSE:MA) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,058,733 shares of the credit services provider’s stock after selling 435,432 shares during the quarter. Mastercard makes up 3.8% of Jackson Square Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Jackson Square Partners LLC owned about 0.57% of Mastercard worth $735,833,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. Greenwood Capital Associates LLC boosted its position in shares of Mastercard by 0.9% in the 1st quarter. Greenwood Capital Associates LLC now owns 40,219 shares of the credit services provider’s stock valued at $4,523,000 after purchasing an additional 361 shares during the period. San Francisco Sentry Investment Group CA boosted its position in shares of Mastercard by 1.3% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 11,004 shares of the credit services provider’s stock valued at $1,238,000 after purchasing an additional 145 shares during the period. Pacer Advisors Inc. boosted its position in shares of Mastercard by 6.3% in the 1st quarter. Pacer Advisors Inc. now owns 20,283 shares of the credit services provider’s stock valued at $2,281,000 after purchasing an additional 1,208 shares during the period. Nordea Investment Management AB boosted its position in shares of Mastercard by 7.3% in the 1st quarter. Nordea Investment Management AB now owns 1,035,326 shares of the credit services provider’s stock valued at $116,443,000 after purchasing an additional 70,178 shares during the period. Finally, Highstreet Asset Management Inc. lifted its position in Mastercard by 24.7% during the 1st quarter. Highstreet Asset Management Inc. now owns 8,414 shares of the credit services provider’s stock worth $946,000 after acquiring an additional 1,665 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the company. Cowen Inc reaffirmed an “outperform” rating and set a $137.00 price objective (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. Cantor Fitzgerald assumed coverage on Mastercard in a research report on Thursday, September 28th. They set an “overweight” rating and a $165.00 price objective for the company. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Loop Capital increased their price objective on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $157.68.
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Mastercard Incorporated (MA) opened at $151.25 on Friday. The stock has a market capitalization of $160,122.63, a P/E ratio of 35.09, a PEG ratio of 2.02 and a beta of 1.21. Mastercard Incorporated has a one year low of $99.51 and a one year high of $152.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. research analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 20.47%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $3,582,984. Company insiders own 0.30% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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