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Mirabaud & Cie SA Sells 1,150 Shares of Mastercard Incorporated (NYSE:MA)

Mastercard logo with Business Services background

Key Points

  • Mirabaud & Cie SA reduced its stake in Mastercard by 17.1%, owning 5,558 shares after selling 1,150 shares in the first quarter, representing a valued holding of approximately $3,046,000.
  • Mastercard reported a strong quarterly earnings result with $4.15 EPS, exceeding analyst expectations and showing a 16.8% revenue increase year-over-year.
  • Insiders at Mastercard sold a total of 38,753 shares in the last quarter, valued at over $20.3 million, contributing to a 19.38% decrease in ownership for some insiders.
  • Five stocks to consider instead of Mastercard.

Mirabaud & Cie SA reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,558 shares of the credit services provider's stock after selling 1,150 shares during the period. Mastercard makes up approximately 1.0% of Mirabaud & Cie SA's holdings, making the stock its 22nd largest holding. Mirabaud & Cie SA's holdings in Mastercard were worth $3,046,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in Mastercard during the 1st quarter worth approximately $317,000. Fiduciary Wealth Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $226,000. IFG Advisory LLC increased its holdings in Mastercard by 2.2% during the 1st quarter. IFG Advisory LLC now owns 5,395 shares of the credit services provider's stock worth $2,957,000 after purchasing an additional 114 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in Mastercard by 86.6% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 7,436 shares of the credit services provider's stock worth $4,076,000 after purchasing an additional 3,452 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in Mastercard by 12.0% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,085 shares of the credit services provider's stock worth $1,143,000 after purchasing an additional 224 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.8%

Shares of Mastercard stock traded up $9.84 on Monday, reaching $569.73. 2,984,635 shares of the company were exchanged, compared to its average volume of 2,593,600. The stock has a fifty day moving average price of $564.58 and a 200-day moving average price of $552.15. The firm has a market capitalization of $519.43 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a fifty-two week low of $439.59 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 earnings per share. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock valued at $20,351,084 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on MA. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average target price of $615.33.

View Our Latest Report on MA

About Mastercard

(Free Report)

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.

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