Mastercard Incorporated $MA Shares Acquired by Jag Capital Management LLC

Jag Capital Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.9% during the first quarter, Holdings Channel reports. The firm owned 43,859 shares of the credit services provider’s stock after purchasing an additional 1,631 shares during the period. Mastercard makes up approximately 2.5% of Jag Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Jag Capital Management LLC’s holdings in Mastercard were worth $21,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Border to Coast Pensions Partnership Ltd boosted its stake in Mastercard by 7.3% during 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 purchasing an additional 9,504 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Mastercard during the fourth quarter worth about $1,113,000. Assetmark Inc. boosted its stake in shares of Mastercard by 4.5% in the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after buying an additional 9,795 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in Mastercard by 396.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after acquiring an additional 36,848 shares during the period. Finally, Marble Wealth LLC purchased a new stake in shares of Mastercard during the 4th quarter worth $1,328,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MA shares. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Susquehanna reduced their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Finally, BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research note on Thursday, March 19th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $653.92.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares of the company’s stock, valued at $1,793,880. This represents a 5.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider owned 16,429 shares in the company, valued at $8,625,225. This trade represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,005 shares of company stock valued at $3,689,976 over the last quarter. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

Mastercard stock opened at $551.15 on Friday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a market capitalization of $486.98 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.67 and a beta of 0.73. The stock has a fifty day moving average of $503.03 and a two-hundred day moving average of $516.04. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the company earned $3.73 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 20.14%.

About Mastercard

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.