Mastercard Incorporated (NYSE:MA) Shares Purchased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,694 shares of the credit services provider’s stock after acquiring an additional 95 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Mastercard were worth $816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Royal London Asset Management Ltd. raised its stake in Mastercard by 6.0% during the third quarter. Royal London Asset Management Ltd. now owns 375,995 shares of the credit services provider’s stock worth $148,922,000 after acquiring an additional 21,267 shares during the period. Royal Bank of Canada raised its stake in Mastercard by 1.1% during the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after acquiring an additional 56,642 shares during the period. Old North State Trust LLC raised its stake in Mastercard by 5.0% during the third quarter. Old North State Trust LLC now owns 1,413 shares of the credit services provider’s stock worth $559,000 after acquiring an additional 67 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Mastercard by 2.1% in the third quarter. Crestwood Advisors Group LLC now owns 13,628 shares of the credit services provider’s stock valued at $5,395,000 after purchasing an additional 277 shares during the period. Finally, Dana Investment Advisors Inc. increased its stake in shares of Mastercard by 11.1% in the third quarter. Dana Investment Advisors Inc. now owns 9,831 shares of the credit services provider’s stock valued at $3,892,000 after purchasing an additional 982 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Robert W. Baird raised their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Barclays dropped their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, Morgan Stanley dropped their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $496.91.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 0.3 %

Mastercard stock traded up $1.31 during midday trading on Friday, reaching $449.49. The stock had a trading volume of 2,220,706 shares, compared to its average volume of 2,483,597. The firm’s fifty day simple moving average is $449.94 and its two-hundred day simple moving average is $453.72. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $417.85 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.75 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business posted $2.80 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is 20.99%.

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.