Jacobi Capital Management LLC Decreases Stake in Mastercard Incorporated (NYSE:MA)

Jacobi Capital Management LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,644 shares of the credit services provider’s stock after selling 106 shares during the quarter. Jacobi Capital Management LLC’s holdings in Mastercard were worth $2,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Carolinas Wealth Consulting LLC increased its holdings in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the period. Cypress Wealth Services LLC grew its position in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares during the period. TRUE Private Wealth Advisors lifted its stake in shares of Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 115,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $450.63, for a total value of $51,822,450.00. Following the transaction, the insider now directly owns 93,559,308 shares of the company’s stock, valued at approximately $42,160,630,964.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 115,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $450.63, for a total value of $51,822,450.00. Following the transaction, the insider now directly owns 93,559,308 shares of the company’s stock, valued at approximately $42,160,630,964.04. The disclosure for this sale can be found here. Insiders sold 2,326,936 shares of company stock worth $1,052,358,872 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MA shares. Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, TD Cowen initiated coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Mastercard Stock Down 0.7 %

Shares of NYSE:MA traded down $3.03 during midday trading on Tuesday, hitting $446.22. 686,971 shares of the stock were exchanged, compared to its average volume of 2,394,417. The company has a market capitalization of $414.81 billion, a PE ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The business’s fifty day simple moving average is $456.69 and its two-hundred day simple moving average is $449.75.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $2.80 EPS. As a group, research analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

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.