Jacobsen Capital Management acquired a new position in shares of Mastercard Inc (NYSE:MA) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,350 shares of the credit services provider’s stock, valued at approximately $1,150,000. Mastercard comprises 1.1% of Jacobsen Capital Management’s investment portfolio, making the stock its 22nd biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of MA. Norges Bank purchased a new stake in Mastercard in the fourth quarter valued at about $1,701,899,000. Thoroughbred Financial Services LLC raised its stake in Mastercard by 26,075.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock valued at $128,548,000 after buying an additional 1,280,570 shares during the last quarter. FMR LLC raised its stake in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after buying an additional 720,407 shares during the last quarter. Investec Asset Management LTD raised its stake in Mastercard by 144.3% in the first quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after buying an additional 648,434 shares during the last quarter. Finally, Railway Pension Investments Ltd purchased a new stake in Mastercard in the first quarter valued at about $135,266,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.
A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wedbush increased their price target on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. UBS Group increased their price target on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank increased their price target on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $291.80.
Shares of MA stock traded up $2.25 during mid-day trading on Friday, reaching $274.14. The stock had a trading volume of 1,463,899 shares, compared to its average volume of 3,730,891. The business’s fifty day moving average is $273.57 and its 200-day moving average is $248.15. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a market cap of $278.53 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 2.17 and a beta of 1.08. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share. On average, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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