Jacobsen Capital Management Boosts Stake in Mastercard Incorporated $MA

Jacobsen Capital Management increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,237 shares of the credit services provider’s stock after purchasing an additional 218 shares during the quarter. Mastercard accounts for 0.5% of Jacobsen Capital Management’s portfolio, making the stock its 23rd biggest holding. Jacobsen Capital Management’s holdings in Mastercard were worth $1,257,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in shares of Mastercard during the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Mastercard during the 2nd quarter valued at $31,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. Finally, TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $634.74.

Mastercard Stock Up 1.0%

MA stock opened at $572.14 on Wednesday. The business’s 50-day moving average price is $580.03 and its 200-day moving average price is $564.09. The stock has a market cap of $517.22 billion, a P/E ratio of 38.58, a PEG ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the firm posted $3.50 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Mastercard Company 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.