Jag Capital Management LLC Acquires 383 Shares of Mastercard Incorporated $MA

by · The Cerbat Gem

Jag Capital Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 43,680 shares of the credit services provider’s stock after buying an additional 383 shares during the quarter. Mastercard accounts for approximately 2.7% of Jag Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Jag Capital Management LLC’s holdings in Mastercard were worth $24,546,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the first quarter worth approximately $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter worth approximately $31,000. Hughes Financial Services LLC bought a new position in shares of Mastercard in the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard in the first quarter worth approximately $44,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp upped their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $634.04.

View Our Latest Stock Analysis on Mastercard

Mastercard Price Performance

Mastercard stock opened at $558.89 on Tuesday. The company has a market cap of $505.24 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.28 and a beta of 0.97. The firm’s fifty day moving average is $580.79 and its 200 day moving average is $563.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company 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 $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Mastercard Company Profile

(Free Report)

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.

See Also

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