Bank Julius Baer & Co. Ltd Zurich Has $376.07 Million Holdings in Mastercard Incorporated (NYSE:MA)

Bank Julius Baer & Co. Ltd Zurich increased its position in Mastercard Incorporated (NYSE:MA) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 881,746 shares of the credit services provider’s stock after acquiring an additional 15,098 shares during the quarter. Mastercard makes up about 2.0% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 10th biggest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in Mastercard were worth $376,073,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MA. Boston Trust Walden Corp lifted its position in Mastercard by 1.3% during the third quarter. Boston Trust Walden Corp now owns 6,411 shares of the credit services provider’s stock valued at $2,538,000 after purchasing an additional 85 shares during the last quarter. Strategic Blueprint LLC lifted its position in Mastercard by 4.5% during the third quarter. Strategic Blueprint LLC now owns 3,754 shares of the credit services provider’s stock valued at $1,486,000 after purchasing an additional 161 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in Mastercard during the third quarter valued at approximately $207,000. CX Institutional lifted its position in Mastercard by 142.2% during the third quarter. CX Institutional now owns 19,395 shares of the credit services provider’s stock valued at $7,679,000 after purchasing an additional 11,388 shares during the last quarter. Finally, Coastline Trust Co lifted its position in Mastercard by 1.5% during the third quarter. Coastline Trust Co now owns 16,094 shares of the credit services provider’s stock valued at $6,372,000 after purchasing an additional 233 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’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 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 is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the company’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 completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,630 shares of company stock worth $168,746,490. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MA shares. BMO Capital Markets lifted their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. The Goldman Sachs Group lifted their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Evercore ISI lifted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Stock Down 0.1 %

Mastercard stock traded down $0.46 during mid-day trading on Thursday, reaching $462.04. The stock had a trading volume of 2,006,520 shares, compared to its average volume of 2,415,934. The company has a market capitalization of $431.03 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.76 and a beta of 1.08. The company has a 50-day moving average price of $471.65 and a two-hundred day moving average price of $435.45. Mastercard Incorporated has a one year low of $357.85 and a one year 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 posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the business earned $2.65 EPS. On average, analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.