Mastercard Incorporated (NYSE:MA) Shares Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,962 shares of the credit services provider’s stock after purchasing an additional 121 shares during the quarter. Radnor Capital Management LLC’s holdings in Mastercard were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp grew its position in Mastercard by 0.8% during the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock valued at $1,209,000 after acquiring an additional 27 shares during the period. Sound View Wealth Advisors Group LLC grew its position in Mastercard by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 1,386 shares of the credit services provider’s stock valued at $504,000 after acquiring an additional 27 shares during the period. Good Life Advisors LLC boosted its position in shares of Mastercard by 0.5% in the first quarter. Good Life Advisors LLC now owns 5,220 shares of the credit services provider’s stock worth $1,897,000 after buying an additional 28 shares during the period. MGO Private Wealth LLC boosted its position in shares of Mastercard by 3.5% in the first quarter. MGO Private Wealth LLC now owns 867 shares of the credit services provider’s stock worth $315,000 after buying an additional 29 shares during the period. Finally, Paces Ferry Wealth Advisors LLC boosted its position in shares of Mastercard by 3.6% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 831 shares of the credit services provider’s stock worth $302,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 74.94% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Hai Ling sold 3,324 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the transaction, the insider now directly owns 17,577 shares in the company, valued at $7,294,455. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO J. Mehra Sachin sold 10,838 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total value of $4,274,290.44. Following the sale, the chief financial officer now directly owns 20,707 shares of the company’s stock, valued at $8,166,426.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hai Ling sold 3,324 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $415.00, for a total value of $1,379,460.00. Following the completion of the sale, the insider now directly owns 17,577 shares in the company, valued at $7,294,455. The disclosure for this sale can be found here. Insiders have sold a total of 407,267 shares of company stock worth $161,485,243 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Mastercard from $442.00 to $452.00 in a research report on Thursday, July 13th. JPMorgan Chase & Co. increased their price target on Mastercard from $442.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, August 22nd. Credit Suisse Group increased their price target on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Citigroup increased their price target on Mastercard from $440.00 to $455.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, BMO Capital Markets increased their price target on Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $442.83.

Mastercard Stock Up 0.8 %

Shares of NYSE:MA traded up $3.21 during midday trading on Friday, hitting $416.55. 1,065,671 shares of the stock were exchanged, compared to its average volume of 2,667,012. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.13 and a current ratio of 1.13. Mastercard Incorporated has a 52-week low of $276.87 and a 52-week high of $418.60. The business’s fifty day simple moving average is $401.06 and its two-hundred day simple moving average is $380.95. The company has a market capitalization of $392.48 billion, a PE ratio of 38.74, a P/E/G ratio of 1.87 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the company earned $2.56 earnings per share. Mastercard’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 21.37%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.