Tributary Capital Management LLC Has $879,000 Holdings in Mastercard Incorporated (NYSE:MA)

Tributary Capital Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $34,000. First Personal Financial Services acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during 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 during the period. Finally, FSA Wealth Management LLC acquired a new stake in Mastercard in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE:MA opened at $533.50 on Friday. 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 stock’s fifty day simple moving average is $524.77 and its 200-day simple moving average is $497.10. The firm has a market capitalization of $489.66 billion, a P/E ratio of 40.36, a P/E/G ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 EPS. Equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

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

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. Barclays lifted their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler lifted their price target on shares of Mastercard from $575.00 to $591.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Finally, UBS Group increased their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $567.29.

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.