Jackson Thornton Wealth Management LLC Has $323,000 Stake in Mastercard Incorporated (NYSE:MA)

Jackson Thornton Wealth Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 624 shares of the credit services provider’s stock after purchasing an additional 60 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Mastercard were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MA. Brighton Jones LLC grew its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after acquiring an additional 7,452 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider’s stock valued at $1,555,000 after acquiring an additional 1,006 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Mastercard by 53.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 11,980 shares of the credit services provider’s stock valued at $6,308,000 after acquiring an additional 4,166 shares in the last quarter. Finally, Chatham Capital Group Inc. grew its holdings in shares of Mastercard by 0.4% in the 4th quarter. Chatham Capital Group Inc. now owns 5,840 shares of the credit services provider’s stock valued at $3,075,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total transaction of $173,910.00. Following the completion of the transaction, the director directly owned 8,323 shares in the company, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s 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 approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MA shares. KeyCorp raised 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. Evercore ISI initiated 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. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Finally, Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Mastercard Stock Up 0.9%

NYSE MA opened at $566.53 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a 50 day moving average of $566.83 and a 200-day moving average of $546.49. The company 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.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.