Jackson Wealth Management LLC Has $18.03 Million Position in Mastercard Incorporated $MA

Jackson Wealth Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,587 shares of the credit services provider’s stock after purchasing an additional 1,120 shares during the period. Mastercard accounts for about 1.8% of Jackson Wealth Management LLC’s portfolio, making the stock its 15th largest position. Jackson Wealth Management LLC’s holdings in Mastercard were worth $18,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its position in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares in the last quarter. Vanguard Group Inc. increased its position in Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Mastercard by 792.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after acquiring an additional 768,514 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 6.5% during the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after purchasing an additional 629,941 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Mastercard during the third quarter worth approximately $245,980,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the company from $620.00 to $735.00 in a report on Tuesday, January 13th. Truist Financial set a $611.00 price objective on Mastercard in a report on Tuesday, February 10th. Bank of America initiated coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Finally, Raymond James Financial dropped their target price on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $664.40.

Mastercard Price Performance

Shares of MA opened at $493.55 on Friday. The stock has a market cap of $440.15 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock’s 50-day moving average price is $516.31 and its two-hundred day moving average price is $544.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the prior year, the business posted $3.82 EPS. Mastercard’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Mastercard 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.