Mastercard Incorporated (NYSE:MA) Holdings Lessened by Jensen Investment Management Inc.

Jensen Investment Management Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 954,574 shares of the credit services provider’s stock after selling 55,632 shares during the quarter. Mastercard comprises 3.9% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 9th largest holding. Jensen Investment Management Inc.’s holdings in Mastercard were worth $471,369,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MA. Crossmark Global Holdings Inc. boosted its stake in shares of Mastercard by 1.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 91,494 shares of the credit services provider’s stock worth $45,180,000 after acquiring an additional 1,202 shares in the last quarter. Tyler Stone Wealth Management increased its stake in Mastercard by 101.2% in the third quarter. Tyler Stone Wealth Management now owns 3,610 shares of the credit services provider’s stock valued at $1,782,000 after purchasing an additional 1,816 shares during the last quarter. Baker Avenue Asset Management LP increased its position in Mastercard by 77.4% during the third quarter. Baker Avenue Asset Management LP now owns 1,783 shares of the credit services provider’s stock worth $880,000 after purchasing an additional 778 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Mastercard by 21.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 129,017 shares of the credit services provider’s stock valued at $63,709,000 after acquiring an additional 22,748 shares during the last quarter. Finally, Colonial River Investments LLC lifted its stake in shares of Mastercard by 4.9% in the 3rd quarter. Colonial River Investments LLC now owns 756 shares of the credit services provider’s stock valued at $373,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. KeyCorp increased their price objective on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Morgan Stanley upped their price objective on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Stock Performance

Mastercard stock traded up $6.88 on Friday, hitting $524.76. The company’s stock had a trading volume of 2,215,681 shares, compared to its average volume of 2,508,209. The company has a fifty day moving average price of $499.68 and a 200-day moving average price of $468.88. The firm has a market cap of $481.64 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a one year low of $386.74 and a one year high of $528.84. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 327,370 shares of company stock valued at $153,495,958. Insiders own 0.10% of the company’s stock.

Mastercard 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.