Banque Pictet & Cie SA Has $502.39 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Banque Pictet & Cie SA cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916,566 shares of the credit services provider's stock after selling 4,418 shares during the quarter. Mastercard accounts for about 4.1% of Banque Pictet & Cie SA's portfolio, making the stock its 4th largest holding. Banque Pictet & Cie SA owned about 0.10% of Mastercard worth $502,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter worth $31,000. Navigoe LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $33,000. 10Elms LLP bought a new position in Mastercard in the 4th quarter valued at approximately $33,000. Truvestments Capital LLC boosted its position in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after buying an additional 25 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the 4th quarter worth approximately $36,000. Institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MA shares. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Insider Activity

In related news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the sale, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 over the last quarter. 0.09% of the stock is owned by insiders.

Mastercard Stock Down 2.4%

Shares of NYSE:MA traded down $13.48 during midday trading on Friday, hitting $550.04. 3,221,317 shares of the company's stock were exchanged, compared to its average volume of 2,672,059. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market cap of $501.48 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The stock has a 50 day moving average price of $568.60 and a 200-day moving average price of $547.57.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.