Prossimo Advisors LLC Sells 246 Shares of Mastercard Incorporated $MA

Prossimo Advisors LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the credit services provider’s stock after selling 246 shares during the quarter. Mastercard comprises about 1.6% of Prossimo Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Prossimo Advisors LLC’s holdings in Mastercard were worth $2,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC lifted its position in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares in the last quarter. Ethos Financial Group LLC increased its position in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares in the last quarter. Curio Wealth LLC raised its stake in shares of Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares during the period. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC lifted its position in shares of Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

MA has been the subject of several analyst reports. Cowen reissued a “buy” rating on shares of Mastercard in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Wells Fargo & Company cut their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $652.50.

Mastercard Trading Up 1.2%

MA stock opened at $551.25 on Monday. The firm has a market cap of $495.02 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The firm has a fifty day moving average price of $559.06 and a 200 day moving average price of $568.20. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the business earned $3.89 earnings per share. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.