Mastercard Incorporated (NYSE:MA) Position Increased by Radnor Capital Management LLC

Radnor Capital Management LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 28.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,462 shares of the credit services provider’s stock after buying an additional 550 shares during the period. Radnor Capital Management LLC’s holdings in Mastercard were worth $1,216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. China Universal Asset Management Co. Ltd. raised its holdings in Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the period. Advisory Alpha LLC raised its holdings in shares of Mastercard by 32.3% during the first quarter. Advisory Alpha LLC now owns 995 shares of the credit services provider’s stock valued at $479,000 after acquiring an additional 243 shares during the period. VitalStone Financial LLC raised its holdings in shares of Mastercard by 55.0% during the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 33 shares during the period. Gallacher Capital Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $228,000. Finally, SYM FINANCIAL Corp acquired a new position in Mastercard in the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock worth $153,495,958 in the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $521.13 on Thursday. The stock has a market capitalization of $481.44 billion, a PE ratio of 39.42, a P/E/G ratio of 2.21 and a beta of 1.10. The stock has a 50-day simple moving average of $498.11 and a 200 day simple moving average of $468.02. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a twelve month low of $384.30 and a twelve month high of $527.90.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MA shares. Morgan Stanley increased their target price on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a report on Monday. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Barclays lifted their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $540.17.

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.