Bank Pictet & Cie Europe AG Sells 7,443 Shares of Mastercard Incorporated (NYSE:MA)

Bank Pictet & Cie Europe AG trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,029 shares of the credit services provider’s stock after selling 7,443 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Mastercard were worth $34,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Mastercard during the fourth quarter worth approximately $83,644,000. Quadrant Private Wealth Management LLC raised its stake in shares of Mastercard by 15.6% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 630 shares of the credit services provider’s stock worth $332,000 after buying an additional 85 shares during the last quarter. American Financial Advisors LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $208,000. Finally, Everhart Financial Group Inc. grew its holdings in Mastercard by 6.3% during the fourth quarter. Everhart Financial Group Inc. now owns 4,651 shares of the credit services provider’s stock valued at $2,449,000 after purchasing an additional 274 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,686 shares of company stock worth $26,430,428 over the last quarter. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MA shares. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Truist Financial started coverage on shares of Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Performance

Shares of MA opened at $561.50 on Monday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm has a fifty day simple moving average of $555.17 and a 200 day simple moving average of $544.04. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.