Jag Capital Management LLC Acquires 383 Shares of Mastercard Incorporated $MA

Jag Capital Management LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,680 shares of the credit services provider’s stock after acquiring an additional 383 shares during the period. Mastercard accounts for 2.7% of Jag Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Jag Capital Management LLC’s holdings in Mastercard were worth $24,546,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the 1st quarter worth $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard in the 1st quarter worth $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Two equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Trading Up 0.3%

NYSE:MA opened at $558.89 on Tuesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market cap of $505.24 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 2.28 and a beta of 0.97. The company has a 50-day moving average price of $580.79 and a 200-day moving average price of $563.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.95 billion. During the same period last year, the company posted $3.50 EPS. Mastercard’s revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

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.