Glass Jacobson Investment Advisors llc Sells 524 Shares of Mastercard Incorporated $MA

Key Points

• Glass Jacobson Investment Advisors LLC significantly reduced its stake in Mastercard, selling 524 shares, which decreased its holdings by 79.0% to 139 shares, valued at $78,000.
• Mastercard reported earnings per share of $4.15 for the last quarter, surpassing analysts' expectations, and its revenue increased by 16.8% year-over-year to $8.13 billion.
• The company announced a quarterly dividend of $0.76 per share, with an annualized payout of $3.04, reflecting a dividend yield of 0.5%.

Glass Jacobson Investment Advisors llc trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 79.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139 shares of the credit services provider's stock after selling 524 shares during the quarter. Glass Jacobson Investment Advisors llc's holdings in Mastercard were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. LGT Financial Advisors LLC purchased a new stake in Mastercard in the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new position in Mastercard during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.0%

NYSE MA opened at $573.72 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company's 50-day simple moving average is $579.51 and its two-hundred day simple moving average is $566.01.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $3.50 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a research report on Saturday. TD Cowen restated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Finally, Citigroup raised shares of Mastercard to a "strong-buy" rating in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $638.96.

Mastercard Company 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.

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