PICTET BANK & TRUST Ltd Increases Stock Holdings in Mastercard Incorporated $MA

Key Points

• PICTET BANK & TRUST Ltd increased its Mastercard holdings by 33.7% in the second quarter, adding 2,525 shares for a total position of 10,025 shares valued at approximately $5.15 million. Institutional investors collectively own 97.28% of the stock.
• Mastercard reported quarterly EPS of $5.04, exceeding estimates of $4.77, while revenue rose 14.1% year over year to $9.28 billion. The company also paid a quarterly dividend of $0.87 per share, representing a 0.6% yield.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $661.93 versus the reported opening price of $563.01. Insiders sold $35.8 million of shares over the past three months, including sales by the CEO and another senior insider under pre-arranged trading plans.

PICTET BANK & TRUST Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 33.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,025 shares of the credit services provider's stock after buying an additional 2,525 shares during the period. Mastercard makes up 5.5% of PICTET BANK & TRUST Ltd's portfolio, making the stock its 5th biggest position. PICTET BANK & TRUST Ltd's holdings in Mastercard were worth $5,149,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Robinswood Financial LLC bought a new position in Mastercard during the 1st quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard in the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $29,000. Finally, First Pacific Financial raised its holdings in shares of Mastercard by 113.8% during the first quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, insider J. Mehra Sachin sold 3,000 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $571.87, for a total value of $1,715,610.00. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at $23,398,632.92. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 15,372 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total value of $8,838,900.00. Following the completion of the transaction, the chief executive officer directly owned 93,693 shares in the company, valued at approximately $53,873,475. This represents a 14.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 62,913 shares of company stock worth $35,769,036 over the last three months. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

MA opened at $563.01 on Tuesday. The company's 50 day moving average is $531.91 and its 200 day moving average is $516.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The company has a market cap of $493.20 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.71 and a beta of 0.71. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.08 billion. During the same period in the prior year, the company earned $4.15 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 19.84 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard's payout ratio is presently 19.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. Raymond James Financial restated an "outperform" rating and issued a $632.00 target price on shares of Mastercard in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $665.00 to $685.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. The Goldman Sachs Group reissued a "buy" rating and set a $701.00 price target on shares of Mastercard in a report on Thursday, July 30th. Robert W. Baird raised their price target on Mastercard from $660.00 to $680.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 7th. Finally, Susquehanna cut their price objective on Mastercard from $670.00 to $665.00 and set a "positive" rating for the company in a report on Friday, May 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and a consensus target price of $661.93.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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