Pictet North America Advisors SA Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Pictet North America Advisors SA grew its position in Mastercard Incorporated (NYSE:MA) by 21.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,210 shares of the credit services provider’s stock after acquiring an additional 2,670 shares during the quarter. Pictet North America Advisors SA’s holdings in Mastercard were worth $6,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Mastercard by 2.1% during the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock valued at $2,937,000 after acquiring an additional 141 shares in the last quarter. Patrick M Sweeney & Associates Inc. bought a new position in shares of Mastercard during the 4th quarter worth $451,000. Capital Advisors Ltd. LLC lifted its position in shares of Mastercard by 1.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 2,640 shares of the credit services provider’s stock valued at $1,126,000 after buying an additional 49 shares during the last quarter. Magnolia Capital Advisors LLC boosted its holdings in shares of Mastercard by 42.7% in the 4th quarter. Magnolia Capital Advisors LLC now owns 779 shares of the credit services provider’s stock valued at $347,000 after buying an additional 233 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of Mastercard by 4.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 61,112 shares of the credit services provider’s stock worth $26,065,000 after acquiring an additional 2,802 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler raised their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Finally, Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $512.09.

Mastercard Price Performance

MA stock traded down $2.38 during trading on Friday, hitting $466.44. The stock had a trading volume of 1,986,348 shares, compared to its average volume of 2,469,403. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company’s 50-day moving average price is $450.73 and its two-hundred day moving average price is $458.53. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market capitalization of $433.61 billion, a P/E ratio of 37.08, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

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

Insider Activity

In other news, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction that occurred 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 sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 1,733,175 shares of company stock worth $782,773,546 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.