Mastercard Incorporated $MA Shares Sold by Jupiter Wealth Management LLC

Key Points

• Jupiter Wealth Management LLC reduced its stake in Mastercard by 5.1%, holding 10,312 shares valued at $6,047,000 as of the end of the first quarter.
• Mastercard recently reported earnings of $4.15 per share, exceeding expectations, with revenue for the quarter reaching $8.13 billion, a year-over-year increase of 16.8%.
• Analysts have maintained a "Moderate Buy" consensus rating for Mastercard, with price targets ranging from $650.00 to $660.00.

Jupiter Wealth Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,312 shares of the credit services provider's stock after selling 549 shares during the period. Mastercard accounts for approximately 3.8% of Jupiter Wealth Management LLC's investment portfolio, making the stock its 7th biggest position. Jupiter Wealth Management LLC's holdings in Mastercard were worth $6,047,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Nuveen LLC bought a new stake in shares of Mastercard during the first quarter worth about $4,238,764,000. Wellington Management Group LLP increased its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mastercard in the 4th quarter worth about $561,313,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Mastercard by 4.7% during the 1st 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 during the period. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock valued at $26,521,861 over the last quarter. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

NYSE:MA traded down $7.98 on Friday, hitting $580.75. The stock had a trading volume of 2,242,737 shares, compared to its average volume of 2,763,323. The stock has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's 50-day simple moving average is $574.32 and its two-hundred day simple moving average is $558.24. 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 earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 EPS. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a report on Friday, August 1st. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Wells Fargo & Company increased their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $626.54.

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.