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

Radnor Capital Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,812 shares of the credit services provider’s stock after selling 650 shares during the period. Radnor Capital Management LLC’s holdings in Mastercard were worth $954,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the second quarter valued at approximately $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC boosted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in Mastercard during the 3rd quarter valued at approximately $55,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 2.6 %

Shares of NYSE:MA opened at $522.41 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $479.48 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $425.48 and a 1-year high of $537.70. The company has a 50 day moving average price of $524.14 and a 200 day moving average price of $493.23.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The business 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 revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $3.39 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard declared that its board has authorized a stock repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is presently 23.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

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.