Jensen Investment Management Inc. Has $377.58 Million Stake in Mastercard Incorporated (NYSE:MA)

Key Points

• Jensen Investment Management Inc. has cut its position in Mastercard by 26.8%, reducing its shares to 688,859, which now account for approximately 4.2% of its investment portfolio.
• Insider activity includes significant sales by Directors Julius Genachowski and Linda Pistecchia Kirkpatrick, with total insider sales amounting to $20.35 million in the last quarter.
• Analysts have set new price targets for Mastercard, with recent ratings indicating strong buy positions and an average price target of $615.33.

Jensen Investment Management Inc. lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 26.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 688,859 shares of the credit services provider's stock after selling 252,734 shares during the quarter. Mastercard accounts for approximately 4.2% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 9th largest position. Jensen Investment Management Inc. owned approximately 0.08% of Mastercard worth $377,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Whalerock Point Partners LLC increased its position in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the period. Fortis Advisors LLC increased its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida increased its position in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC grew its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp raised their price objective 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. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $615.33.

Mastercard Stock Performance

MA traded up $13.20 during trading hours on Friday, hitting $574.42. The stock had a trading volume of 2,907,568 shares, compared to its average volume of 2,618,541. The company's fifty day simple moving average is $563.90 and its 200 day simple moving average is $553.24. Mastercard Incorporated has a 1 year low of $453.46 and a 1 year high of $594.71. The stock has a market cap of $523.70 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.30 and a beta of 1.03. 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 (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,603 shares of company stock worth $20,265,667. Insiders own 0.09% of the company's stock.

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.