Tributary Capital Management LLC Has $910,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Tributary Capital Management LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 12.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,890 shares of the credit services provider’s stock after selling 275 shares during the quarter. Tributary Capital Management LLC’s holdings in Mastercard were worth $910,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC increased its holdings in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP raised its position in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 24 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MA shares. Barclays decreased their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Piper Sandler began coverage on Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Mizuho lowered their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Stock Up 0.1 %

MA stock opened at $437.97 on Tuesday. The company’s 50 day moving average is $451.50 and its 200 day moving average is $453.31. The stock has a market cap of $407.14 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the company posted $2.80 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

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.