Prossimo Advisors LLC Sells 246 Shares of Mastercard Incorporated $MA

Prossimo Advisors LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.4% in the 2nd quarter, Holdings Channel reports. The firm owned 3,627 shares of the credit services provider’s stock after selling 246 shares during the quarter. Mastercard accounts for 1.6% of Prossimo Advisors LLC’s holdings, 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 reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter worth approximately $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $551.25 on Monday. The firm has a market cap of $495.02 billion, a PE ratio of 37.17, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $559.06 and a 200 day moving average price of $568.20.

Mastercard (NYSE:MA) last issued 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. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MA shares. Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. UBS Group increased their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $713.00 target price on shares of Mastercard in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $652.50.

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.