Jackson Thornton Wealth Management LLC Buys 60 Shares of Mastercard Incorporated (NYSE:MA)

Jackson Thornton Wealth Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 624 shares of the credit services provider’s stock after buying an additional 60 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Mastercard were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC increased its holdings in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC increased its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank acquired a new stake in Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its holdings in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $566.53 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The stock has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day simple moving average is $566.83 and its 200 day simple moving average is $546.49.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.32%.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider owned 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,441 shares of company stock worth $20,173,035 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MA shares. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $611.50.

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.