Banque Pictet & Cie SA Grows Position in Mastercard Inc (NYSE:MA)

Banque Pictet & Cie SA raised its position in Mastercard Inc (NYSE:MA) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,694 shares of the credit services provider’s stock after purchasing an additional 4,453 shares during the quarter. Mastercard comprises 1.0% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 20th biggest position. Banque Pictet & Cie SA’s holdings in Mastercard were worth $54,081,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MAI Capital Management increased its stake in Mastercard by 16.4% in the fourth quarter. MAI Capital Management now owns 1,647 shares of the credit services provider’s stock valued at $311,000 after purchasing an additional 232 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Mastercard by 1.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 372,696 shares of the credit services provider’s stock worth $70,310,000 after buying an additional 5,100 shares during the last quarter. Focused Wealth Management Inc bought a new stake in Mastercard during the 4th quarter worth approximately $25,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Mastercard by 11.1% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 12,000 shares of the credit services provider’s stock valued at $2,264,000 after buying an additional 1,200 shares during the last quarter. Finally, First Manhattan Co. raised its position in shares of Mastercard by 6.2% during the fourth quarter. First Manhattan Co. now owns 10,462 shares of the credit services provider’s stock valued at $1,973,000 after buying an additional 612 shares during the last quarter. Institutional investors own 74.32% of the company’s stock.

Shares of MA stock traded up $2.27 on Monday, hitting $266.80. The stock had a trading volume of 2,646,700 shares, compared to its average volume of 3,579,122. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. The business has a 50 day moving average price of $256.38. The company has a market capitalization of $273.10 billion, a P/E ratio of 41.10, a PEG ratio of 2.09 and a beta of 1.08. Mastercard Inc has a one year low of $171.89 and a one year high of $269.99.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. On average, research analysts predict that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. Mastercard’s dividend payout ratio is presently 20.34%.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,711 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total value of $651,399.08. Following the completion of the sale, the insider now owns 20,492 shares in the company, valued at approximately $4,923,817.76. The disclosure for this sale can be found here. Insiders sold 360,618 shares of company stock valued at $90,486,689 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Several research firms have commented on MA. Wedbush lifted their price objective on shares of Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Bank of America boosted their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. BMO Capital Markets boosted their target price on shares of Mastercard from $254.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Citigroup boosted their target price on shares of Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price for the company in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average target price of $252.25.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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