Jackson Hill Advisors LLC Sells 750 Shares of Mastercard Incorporated (NYSE:MA)

Jackson Hill Advisors LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,500 shares of the credit services provider’s stock after selling 750 shares during the period. Mastercard makes up about 8.2% of Jackson Hill Advisors LLC’s portfolio, making the stock its 5th largest position. Jackson Hill Advisors LLC’s holdings in Mastercard were worth $16,048,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter worth $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter worth $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $522.93 on Monday. The stock has a market cap of $479.96 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The firm’s fifty day simple moving average is $504.09 and its 200 day simple moving average is $471.38. Mastercard Incorporated has a twelve month low of $398.26 and a twelve month high of $534.03. 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 released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research note on Thursday. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday. Four equities research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,370 shares of company stock worth $46,797,168 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company 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.