Mastercard Incorporated (NYSE:MA) Shares Sold by Prossimo Advisors LLC

Prossimo Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,866 shares of the credit services provider’s stock after selling 25 shares during the quarter. Mastercard accounts for 1.5% of Prossimo Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Prossimo Advisors LLC’s holdings in Mastercard were worth $2,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC raised its position in Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. raised its holdings in shares of Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after buying an additional 19 shares in the last quarter. Augustine Asset Management Inc. lifted its position in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after buying an additional 19 shares during the period. Goldstein Advisors LLC lifted its position in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares during the period. Finally, Community Bank N.A. boosted its stake in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.6 %

NYSE:MA opened at $567.90 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94. The firm has a market capitalization of $521.24 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.37 and a beta of 1.10. The business’s 50-day moving average price is $537.10 and its two-hundred day moving average price is $511.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. UBS Group lifted their price objective on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Barclays boosted their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Macquarie boosted their target price on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

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.