Jackson Thornton Wealth Management LLC Has $373,000 Position in Mastercard Incorporated $MA

Jackson Thornton Wealth Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 664 shares of the credit services provider’s stock after buying an additional 40 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Mastercard were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MA. ORG Partners LLC boosted its position in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC boosted its position in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the last quarter. Wheelhouse Advisory Group LLC boosted its position in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after purchasing an additional 56 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in Mastercard by 4.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus price target of $634.04.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $566.35 on Tuesday. The firm has a market cap of $511.99 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business’s 50 day moving average is $580.07 and its 200-day moving average is $564.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Mastercard 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.