Mastercard Incorporated (NYSE:MA) Shares Sold by Jackson Hill Advisors LLC

Jackson Hill Advisors LLC lowered its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,500 shares of the credit services provider's stock after selling 1,000 shares during the quarter. Mastercard accounts for about 8.4% of Jackson Hill Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Jackson Hill Advisors LLC's holdings in Mastercard were worth $16,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mosley Wealth Management raised its holdings in shares of Mastercard by 9.0% during the fourth quarter. Mosley Wealth Management now owns 849 shares of the credit services provider's stock valued at $466,000 after purchasing an additional 70 shares during the last quarter. Guardian Partners Inc. purchased a new stake in Mastercard during the 4th quarter valued at $11,670,000. Fortis Capital Management LLC lifted its holdings in shares of Mastercard by 0.5% during the 4th quarter. Fortis Capital Management LLC now owns 11,019 shares of the credit services provider's stock valued at $5,802,000 after buying an additional 50 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Mastercard in the 4th quarter worth $519,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Mastercard in the fourth quarter worth $186,950,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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Mastercard Trading Up 1.6 %

MA traded up $8.57 during trading hours on Thursday, reaching $557.64. 2,901,161 shares of the company's stock traded hands, compared to its average volume of 2,376,040. The firm has a market capitalization of $508.40 billion, a PE ratio of 40.15, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a 50-day moving average price of $550.27 and a 200 day moving average price of $526.28.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a stock repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard's payout ratio is currently 21.89%.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Monness Crespi & Hardt raised Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 target price on the stock in a report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Raymond James restated an "outperform" rating and set a $640.00 target price (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Macquarie boosted their price objective on shares of Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $606.11.

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.