Jacobsen Capital Management Buys 218 Shares of Mastercard Incorporated $MA

Jacobsen Capital Management lifted its stake in Mastercard Incorporated (NYSE:MA) by 10.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,237 shares of the credit services provider’s stock after buying an additional 218 shares during the quarter. Mastercard accounts for approximately 0.5% of Jacobsen Capital Management’s holdings, making the stock its 23rd largest position. Jacobsen Capital Management’s holdings in Mastercard were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. LGT Financial Advisors LLC bought a new position in Mastercard during the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the second quarter worth $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.0%

Shares of NYSE:MA opened at $572.14 on Wednesday. The firm has a market capitalization of $517.22 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The business has a 50 day simple moving average of $580.03 and a two-hundred day simple moving average of $564.09. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Wells Fargo & Company set a $669.00 price target on Mastercard and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp boosted their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $634.74.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

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.