Prosperity Consulting Group LLC Increases Stake in Mastercard Incorporated $MA

Prosperity Consulting Group LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,423 shares of the credit services provider’s stock after purchasing an additional 159 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Mastercard were worth $3,609,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. ORG Partners LLC grew its holdings in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares during the period. Ethos Financial Group LLC lifted its position in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after acquiring an additional 518 shares in the last quarter. Curio Wealth LLC lifted its position 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 valued at $126,000 after acquiring an additional 224 shares in the last quarter. Wheelhouse Advisory Group LLC lifted its position in shares of Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after acquiring an additional 56 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its position in shares of Mastercard by 4.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after acquiring an additional 264 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 1.4%

Shares of MA stock opened at $544.05 on Tuesday. 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 1 year low of $465.59 and a 1 year high of $601.77. The stock has a fifty day moving average of $575.44 and a two-hundred day moving average of $568.63. The firm has a market capitalization of $491.83 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the firm posted $3.89 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is 19.44%.

Analyst Upgrades and Downgrades

MA has been the topic of several recent research reports. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Macquarie raised their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, UBS Group lifted their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $647.89.

Insider Buying and Selling at Mastercard

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

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.