Mastercard Incorporated (NYSE:MA) is Jackson Hill Advisors LLC’s 5th Largest Position

Jackson Hill Advisors LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,500 shares of the credit services provider’s stock after selling 750 shares during the quarter. Mastercard accounts for approximately 8.2% of Jackson Hill Advisors LLC’s holdings, making the stock its 5th biggest position. Jackson Hill Advisors LLC’s holdings in Mastercard were worth $16,048,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Tidemark LLC raised its position in shares of Mastercard by 41.7% in the 3rd quarter. Tidemark LLC now owns 119 shares of the credit services provider’s stock worth $59,000 after purchasing an additional 35 shares during the last quarter. Strengthening Families & Communities LLC raised its position in Mastercard by 7.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 7,932 shares of the credit services provider’s stock worth $3,917,000 after buying an additional 557 shares during the last quarter. Aviso Wealth Management raised its position in Mastercard by 23.9% in the 3rd quarter. Aviso Wealth Management now owns 2,385 shares of the credit services provider’s stock worth $1,178,000 after buying an additional 460 shares during the last quarter. Taurus Asset Management LLC raised its position in Mastercard by 8.2% in the 3rd quarter. Taurus Asset Management LLC now owns 1,755 shares of the credit services provider’s stock worth $867,000 after buying an additional 133 shares during the last quarter. Finally, Aljian Capital Management LLC purchased a new position in Mastercard in the 3rd quarter worth about $1,506,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $522.93 on Monday. The stock’s 50-day simple moving average is $504.09 and its 200-day simple moving average is $471.38. Mastercard Incorporated has a 52 week low of $398.26 and a 52 week high of $534.03. The company has a market capitalization of $479.96 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Analyst Ratings Changes

A number of equities analysts have weighed in on MA shares. UBS Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research report on Tuesday, September 3rd. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is currently owned by insiders.

About Mastercard

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.