Mastercard Incorporated (NYSE:MA) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mastercard Incorporated (NYSE:MA) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,253 shares of the credit services provider’s stock after acquiring an additional 5,714 shares during the period. Mastercard accounts for approximately 0.6% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 26th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mastercard were worth $157,064,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cypress Wealth Services LLC boosted its holdings in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its stake in shares of Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. Indiana Trust & Investment Management CO raised its stake in shares of Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. Cassia Capital Partners LLC raised its stake in shares of Mastercard by 2.1% in the 3rd quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock valued at $491,000 after acquiring an additional 26 shares during the period. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Mastercard by 8.4% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

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 owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $435.00, for a total value of $1,740,000.00. Following the completion of the sale, the insider now owns 6,235 shares of the company’s stock, valued at $2,712,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on 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 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. In the last 90 days, insiders have sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.1 %

Shares of MA stock traded down $0.29 on Tuesday, hitting $459.50. The company’s stock had a trading volume of 1,786,889 shares, compared to its average volume of 2,421,027. 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 Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm’s fifty day moving average price is $471.87 and its 200-day moving average price is $432.58. The stock has a market capitalization of $428.66 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.77 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data 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. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the business earned $2.65 EPS. Research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued 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 payout ratio is 22.32%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. KeyCorp raised their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Monness Crespi & Hardt began coverage on shares of Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Raymond James raised their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Mizuho reiterated a “buy” rating and set a $480.00 price objective on shares of Mastercard in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $485.91.

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.