Mastercard Incorporated (NYSE:MA) is Unigestion Holding SA's 2nd Largest Position

Unigestion Holding SA grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 88.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,678 shares of the credit services provider's stock after purchasing an additional 66,043 shares during the period. Mastercard makes up 3.4% of Unigestion Holding SA's investment portfolio, making the stock its 2nd biggest holding. Unigestion Holding SA's holdings in Mastercard were worth $69,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Highline Wealth Partners LLC bought a new position in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new position in Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services bought a new stake in shares of Mastercard during the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Up 1.0 %

NYSE:MA traded up $5.44 during trading hours on Wednesday, hitting $534.45. The company had a trading volume of 1,956,821 shares, compared to its average volume of 2,460,128. The stock has a 50-day moving average price of $515.08 and a 200 day moving average price of $479.86. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $490.53 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $535.89.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard's dividend payout ratio is 19.97%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on MA. Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an "outperform" rating and a $591.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on shares of Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $559.28.

Mastercard Company 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.