Mastercard Incorporated (MA) Shares Bought by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 592,006 shares of the credit services provider’s stock after acquiring an additional 50,814 shares during the period. Pictet Asset Management Ltd. owned about 0.06% of Mastercard worth $72,746,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MA. Northstar Wealth Partners LLC increased its stake in Mastercard by 40.1% during the 2nd quarter. Northstar Wealth Partners LLC now owns 3,549 shares of the credit services provider’s stock worth $435,000 after buying an additional 1,015 shares in the last quarter. Physicians Financial Services Inc. increased its position in shares of Mastercard by 4.8% during the second quarter. Physicians Financial Services Inc. now owns 15,443 shares of the credit services provider’s stock worth $1,876,000 after purchasing an additional 713 shares in the last quarter. Davis R M Inc. increased its position in shares of Mastercard by 25.2% during the second quarter. Davis R M Inc. now owns 2,788 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 561 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Mastercard by 4.0% during the second quarter. Hodges Capital Management Inc. now owns 2,105 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 80 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Mastercard by 1.6% during the second quarter. Cullen Frost Bankers Inc. now owns 197,829 shares of the credit services provider’s stock worth $24,026,000 after purchasing an additional 3,175 shares in the last quarter. Institutional investors own 76.05% of the company’s stock.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 864,668 shares of company stock worth $111,589,106. 0.30% of the stock is owned by company insiders.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 target price on shares of Mastercard in a research report on Friday, September 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $160.00 target price (up from $138.00) on shares of Mastercard in a research report on Tuesday, September 19th. Buckingham Research initiated coverage on shares of Mastercard in a research note on Monday. They issued a “buy” rating and a $163.00 price target on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of Mastercard in a research note on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $143.08.
Mastercard Incorporated (NYSE:MA) opened at 141.82 on Tuesday. The company’s 50-day moving average price is $136.74 and its 200 day moving average price is $124.53. The firm has a market cap of $151.02 billion, a price-to-earnings ratio of 35.19 and a beta of 1.18. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $143.59.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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