Pictet North America Advisors SA Has $6.99 Million Stake in Mastercard Incorporated $MA

Key Points

• Pictet North America Advisors SA reduced its stake in Mastercard by 10.5%, holding approximately $6.99 million worth of shares after selling 1,459 shares in the second quarter.
• Mastercard reported quarterly earnings of $4.15 per share, exceeding analysts' expectations, with revenues of $8.13 billion, a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, translating to a yield of 0.5%, with the ex-dividend date set for October 9th.

Pictet North America Advisors SA trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,438 shares of the credit services provider's stock after selling 1,459 shares during the quarter. Pictet North America Advisors SA's holdings in Mastercard were worth $6,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard in the 2nd quarter worth approximately $11,421,213,000. GAMMA Investing LLC lifted its holdings in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Nuveen LLC acquired a new stake in Mastercard in the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP lifted its holdings in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mastercard in the 4th quarter worth approximately $561,313,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE:MA opened at $584.64 on Tuesday. The business's fifty day moving average price is $577.86 and its two-hundred day moving average price is $559.42. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market capitalization of $528.52 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is presently 20.50%.

Insiders Place Their Bets

In other news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,449 shares of company stock worth $21,974,441 over the last ninety days. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MA shares. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. TD Cowen restated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Morgan Stanley lifted their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $630.89.

About Mastercard

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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