Jones Financial Companies Lllp Makes New Investment in Mastercard Incorporated $MA

Jones Financial Companies Lllp bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,065 shares of the credit services provider’s stock, valued at approximately $1,061,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the period. Strive Financial Group LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA bought a new position in shares of Mastercard in the fourth quarter valued at approximately $29,000. Robinswood Financial LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $25,000. Finally, Bay Harbor Wealth Management LLC raised its position in shares of Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.2%

MA opened at $598.35 on Thursday. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $524.16 billion, a price-to-earnings ratio of 32.91, a P/E/G ratio of 1.80 and a beta of 0.72. The business has a 50 day moving average of $545.04 and a 200-day moving average of $518.79.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the company posted $4.15 earnings per share. Mastercard’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.14%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MA shares. Barclays upped their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Clear Str raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Susquehanna decreased their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Finally, Robert W. Baird raised their price target on Mastercard from $660.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $664.71.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 15,372 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value of $8,838,900.00. Following the transaction, the chief executive officer owned 93,693 shares in the company, valued at $53,873,475. This represents a 14.09% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is currently owned by corporate insiders.

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.