Mastercard Incorporated (NYSE:MA) Holdings Lifted by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its position in Mastercard Incorporated (NYSE:MA) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 881,746 shares of the credit services provider’s stock after buying an additional 15,098 shares during the quarter. Mastercard comprises about 2.0% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 10th biggest position. Bank Julius Baer & Co. Ltd Zurich owned 0.09% of Mastercard worth $376,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MA. Cypress Wealth Services LLC lifted its stake in shares of Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares during the period. Syntegra Private Wealth Group LLC lifted its stake in shares of Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares during the period. TRUE Private Wealth Advisors lifted its stake in shares of Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares during the period. Indiana Trust & Investment Management CO lifted its stake in shares of Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after buying an additional 25 shares during the period. Finally, Tufton Capital Management lifted its stake in shares of Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after buying an additional 26 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.1 %

Shares of NYSE MA traded down $0.46 during midday trading on Thursday, reaching $462.04. 2,006,520 shares of the stock were exchanged, compared to its average volume of 2,415,934. The business has a 50-day simple moving average of $471.65 and a two-hundred day simple moving average of $435.45. The company has a market capitalization of $431.03 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the firm posted $2.65 earnings per share. As a group, equities research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. BMO Capital Markets increased their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Finally, Mizuho reaffirmed a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 366,630 shares of company stock worth $168,746,490 in the last ninety days. Insiders own 0.13% 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.