Resonant Capital Advisors LLC Increases Position in Mastercard Incorporated (NYSE:MA)

Resonant Capital Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 64.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,508 shares of the credit services provider’s stock after acquiring an additional 1,767 shares during the period. Resonant Capital Advisors LLC’s holdings in Mastercard were worth $1,923,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cypress Wealth Services LLC boosted its position in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC lifted its holdings in shares of Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in shares of Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO increased its holdings in Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after buying an additional 25 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its position in Mastercard by 2.1% during the third quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock valued at $491,000 after acquiring an additional 26 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock traded down $0.67 during trading hours on Friday, hitting $454.03. The stock had a trading volume of 1,660,078 shares, compared to its average volume of 2,394,450. The company has a 50-day moving average of $471.75 and a two-hundred day moving average of $433.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a market cap of $423.56 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the business earned $2.65 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Analyst Ratings Changes

MA has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,728 shares of company stock valued at $68,483,403. 0.13% of the stock is currently owned by corporate insiders.

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.