Mirabaud & Cie SA Buys 851 Shares of Mastercard Incorporated $MA

Mirabaud & Cie SA raised its stake in Mastercard Incorporated (NYSE:MA) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,409 shares of the credit services provider’s stock after acquiring an additional 851 shares during the period. Mastercard comprises about 1.1% of Mirabaud & Cie SA’s investment portfolio, making the stock its 18th largest position. Mirabaud & Cie SA’s holdings in Mastercard were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter worth $31,000. 10Elms LLP acquired a new position in Mastercard in the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new position in Mastercard in the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $36,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 1.4%

Shares of Mastercard stock opened at $580.75 on Monday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The business has a 50-day moving average of $574.60 and a two-hundred day moving average of $558.29. The company has a market capitalization of $525.00 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.38 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) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Finally, Wells Fargo & Company increased their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated 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 owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock valued at $26,521,861 in the last 90 days. 0.09% of the stock is currently owned by corporate 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.