Jacobi Capital Management LLC Purchases 1,138 Shares of Mastercard Incorporated $MA

Jacobi Capital Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,329 shares of the credit services provider’s stock after buying an additional 1,138 shares during the period. Jacobi Capital Management LLC’s holdings in Mastercard were worth $4,278,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd lifted its holdings in Mastercard by 7.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock worth $70,089,000 after buying an additional 9,504 shares during the period. Canada Post Corp Registered Pension Plan increased its stake in shares of Mastercard by 6.1% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after buying an additional 3,768 shares during the period. Marble Wealth LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $1,328,000. Charles Lim Capital Ltd bought a new position in shares of Mastercard during the fourth quarter valued at approximately $15,699,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock valued at $14,093,000 after acquiring an additional 1,434 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 3.3%

NYSE MA opened at $599.69 on Tuesday. The firm has a market capitalization of $525.34 billion, a PE ratio of 32.99, a P/E/G ratio of 1.74 and a beta of 0.71. The stock’s 50 day moving average is $540.98 and its 200 day moving average is $518.14. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.15 earnings per share. Research analysts forecast that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.14%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Clear Str upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $701.00 price objective on shares of Mastercard in a report on Thursday, July 30th. Susquehanna dropped their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Robert W. Baird lifted their target price on shares of Mastercard from $660.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Mastercard from $629.00 to $642.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $661.93.

Insider Buying and Selling

In related news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of Mastercard stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the completion of the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This trade represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 7,444 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the sale, the insider directly owned 40,916 shares in the company, valued at $23,613,851.08. The trade was a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,357 shares of company stock worth $40,637,262 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.