Banque Pictet & Cie SA Trims Position in Mastercard Incorporated (NYSE:MA)

Banque Pictet & Cie SA trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 888,951 shares of the credit services provider’s stock after selling 1,151 shares during the quarter. Mastercard accounts for 3.6% of Banque Pictet & Cie SA’s portfolio, making the stock its 9th largest position. Banque Pictet & Cie SA owned approximately 0.10% of Mastercard worth $392,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC lifted its position in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard in the 4th quarter valued at $28,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup lifted their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Barclays lifted their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $512.09.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now directly owns 15,183 shares in the company, valued at approximately $6,782,397.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the sale, the insider now directly owns 15,183 shares in the company, valued at $6,782,397.93. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 107,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $444.04, for a total transaction of $47,512,280.00. Following the sale, the insider now owns 94,441,308 shares of the company’s stock, valued at $41,935,718,404.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,733,175 shares of company stock worth $782,773,546. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $2.38 on Friday, reaching $466.44. 1,986,348 shares of the stock were exchanged, compared to its average volume of 2,469,403. The firm’s 50 day moving average is $450.73 and its 200-day moving average is $458.53. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $433.61 billion, a PE ratio of 37.08, a P/E/G ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

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.