Jackson Square Capital LLC Decreases Stock Holdings in Mastercard Incorporated $MA

Key Points

• Jackson Square Capital LLC has significantly reduced its holdings in Mastercard by 53.2%, selling 6,332 shares, and now owns 5,566 shares valued at approximately $3.1 million.
• Recent insider activity includes the sale of 958 shares by Linda Pistecchia Kirkpatrick and 312 shares by Julius Genachowski, resulting in 3.90% and 3.55% decreases in their ownership, respectively.
• Mastercard's quarterly dividend of $0.76 per share will be paid on November 7, representing an annual yield of 0.5%, with an ex-dividend date set for October 9.

Jackson Square Capital LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 53.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,566 shares of the credit services provider's stock after selling 6,332 shares during the quarter. Jackson Square Capital LLC's holdings in Mastercard were worth $3,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. GAMMA Investing LLC increased its stake in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Nuveen LLC acquired a new position in Mastercard in the first quarter valued at $4,238,764,000. Wellington Management Group LLP increased its stake in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mastercard in the fourth quarter valued at about $561,313,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 0.4%

MA stock traded down $2.17 on Friday, hitting $583.88. 6,744,713 shares of the company were exchanged, compared to its average volume of 2,280,804. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business's fifty day moving average is $577.23 and its two-hundred day moving average is $559.09. The stock has a market capitalization of $527.83 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 earnings per share. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,717 shares of company stock worth $22,684,831. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Wells Fargo & Company lifted their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $630.89.

About Mastercard

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.