Mastercard Incorporated $MA Shares Sold by JLB & Associates Inc.

Key Points

• JLB & Associates Inc. reduced its stake in Mastercard by 3.9%, holding 57,226 shares worth approximately $32.16 million as of the latest SEC filing.
• Mastercard reported $4.15 earnings per share for its last quarter, surpassing analysts' expectations, and experienced a year-over-year revenue increase of 16.8%.
• The company announced a quarterly dividend of $0.76 per share, reflecting a 0.5% yield and a payout ratio of 20.50%.

JLB & Associates Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 57,226 shares of the credit services provider's stock after selling 2,314 shares during the period. Mastercard makes up approximately 4.5% of JLB & Associates Inc.'s investment portfolio, making the stock its 3rd largest holding. JLB & Associates Inc.'s holdings in Mastercard were worth $32,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC purchased a new stake in shares of Mastercard during the first quarter valued at $4,238,764,000. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the 1st 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 acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. raised its stake in Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after acquiring an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in 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 worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE MA opened at $568.04 on Tuesday. The company's fifty day moving average price is $579.27 and its 200 day moving average price is $560.85. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $513.51 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

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 for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during 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%. The firm'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 earnings per share. On average, 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 will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Morgan Stanley upped their target price on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday. Finally, UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $630.89.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock valued at $20,836,514 in the last ninety days. 0.09% of the stock is currently owned by insiders.

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.

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