Mastercard Incorporated (NYSE:MA) Holdings Reduced by Pictet North America Advisors SA

Pictet North America Advisors SA trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,897 shares of the credit services provider's stock after selling 1,926 shares during the quarter. Pictet North America Advisors SA's holdings in Mastercard were worth $7,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Founders Financial Alliance LLC lifted its holdings in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC boosted its holdings in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC grew its stake in Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after purchasing an additional 19 shares in the last quarter. Strategy Asset Managers LLC raised its position in Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after purchasing an additional 19 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its stake in Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Finally, Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Down 0.5%

NYSE MA traded down $2.86 during trading hours on Wednesday, hitting $561.75. The company had a trading volume of 2,502,267 shares, compared to its average volume of 2,673,014. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm's 50 day moving average is $564.92 and its 200 day moving average is $545.89. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $512.15 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 310 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the sale, the director directly owned 8,323 shares of the company's stock, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is currently owned by insiders.

Mastercard 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.