Bank Pictet & Cie Europe AG raised its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 46.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,241 shares of the credit services provider’s stock after acquiring an additional 24,623 shares during the period. Mastercard comprises approximately 1.0% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 28th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Mastercard were worth $30,379,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Mastercard by 98,203.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after acquiring an additional 824,597,013 shares during the last quarter. Norges Bank bought a new stake in Mastercard in the fourth quarter valued at approximately $3,308,223,000. Moneta Group Investment Advisors LLC boosted its stake in shares of Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after purchasing an additional 5,977,885 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Mastercard by 241.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,791,626 shares of the credit services provider’s stock worth $507,830,000 after purchasing an additional 3,386,762 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Mastercard by 17.7% during the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Mastercard news, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $397.89, for a total transaction of $50,060,928.24. Following the transaction, the insider now owns 98,927,485 shares in the company, valued at approximately $39,362,257,006.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Timothy H. Murphy sold 7,419 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now owns 39,007 shares in the company, valued at approximately $15,496,700.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $397.89, for a total transaction of $50,060,928.24. Following the transaction, the insider now owns 98,927,485 shares in the company, valued at approximately $39,362,257,006.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 533,424 shares of company stock worth $208,638,072. 0.13% of the stock is owned by corporate insiders.
Mastercard Stock Up 0.7 %
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.18. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 earnings per share. Analysts predict that Mastercard Incorporated will post 12.15 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 9th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, October 5th. This represents a $2.28 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.
Analyst Ratings Changes
MA has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Robert W. Baird upped their target price on Mastercard from $435.00 to $450.00 in a report on Friday, July 28th. Susquehanna lifted their price target on shares of Mastercard from $433.00 to $486.00 and gave the company a “positive” rating in a report on Friday, July 28th. Royal Bank of Canada decreased their price objective on shares of Mastercard from $441.00 to $432.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Finally, Barclays cut their target price on shares of Mastercard from $479.00 to $470.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $450.09.
Mastercard Company 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 other payment-related products and services.
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