Mastercard Incorporated (NYSE:MA) Stake Decreased by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670 shares of the credit services provider’s stock after selling 75 shares during the quarter. Tributary Capital Management LLC’s holdings in Mastercard were worth $879,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the 2nd quarter valued at $34,000. First Personal Financial Services acquired a new position in shares of Mastercard during the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard in the third quarter valued at $55,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $533.50 on Friday. The business’s 50 day moving average is $524.77 and its two-hundred day moving average is $497.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $537.70. The company has a market cap of $489.66 billion, a PE ratio of 40.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm posted $3.39 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.76 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 23.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MA shares. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Macquarie lifted their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upped their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. Finally, Robert W. Baird raised their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

Check Out Our Latest Research Report on Mastercard

Mastercard Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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