Curio Wealth LLC Increases Position in Mastercard Incorporated $MA

Curio Wealth LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 22,400.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225 shares of the credit services provider’s stock after purchasing an additional 224 shares during the period. Curio Wealth LLC’s holdings in Mastercard were worth $126,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard in the second quarter worth $11,421,213,000. Nuveen LLC acquired a new stake in Mastercard during the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP grew its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after purchasing an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.0%

Mastercard stock opened at $573.72 on Friday. The firm’s 50-day moving average is $579.51 and its 200-day moving average is $565.40. 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 company has a market cap of $518.65 billion, a P/E ratio of 38.69, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm earned $3.50 EPS. Mastercard’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MA shares. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $638.96.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

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.