Jupiter Asset Management Ltd. Sells 54,330 Shares of Mastercard Incorporated (NYSE:MA)

Jupiter Asset Management Ltd. decreased its position in Mastercard Incorporated (NYSE:MA) by 33.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,301 shares of the credit services provider’s stock after selling 54,330 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Mastercard were worth $48,219,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. VitalStone Financial LLC grew its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in Mastercard during the 4th quarter worth about $30,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.88.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the sale, the insider now directly owns 92,998,308 shares in the company, valued at approximately $41,256,839,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the sale, the insider now directly owns 92,998,308 shares in the company, valued at approximately $41,256,839,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the sale, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 943,467 shares of company stock worth $431,056,895. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $488.01 on Thursday. The company has a market capitalization of $453.66 billion, a price-to-earnings ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10. The firm’s 50 day simple moving average is $458.92 and its 200 day simple moving average is $460.06. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

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.