Mastercard Incorporated $MA Shares Sold by Jensen Investment Management Inc.

Jensen Investment Management Inc. lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 581,527 shares of the credit services provider’s stock after selling 39,440 shares during the quarter. Mastercard makes up about 4.1% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 9th largest position. Jensen Investment Management Inc. owned 0.06% of Mastercard worth $330,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new position in Mastercard in the second quarter worth about $29,000. IMG Wealth Management Inc. bought a new position in Mastercard during the second quarter worth about $31,000. Robbins Farley grew its stake in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. HSBC upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. TD Cowen raised their price objective on shares of Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Morgan Stanley upped their target price on shares of Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $669.27.

Mastercard Trading Up 0.9%

Shares of NYSE MA opened at $540.36 on Wednesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market cap of $485.24 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company’s fifty day moving average is $555.00 and its 200-day moving average is $563.93.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the business posted $3.82 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 21.07%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.