Resonant Capital Advisors LLC Buys 1,767 Shares of Mastercard Incorporated (NYSE:MA)

Resonant Capital Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 64.5% in the 4th quarter, HoldingsChannel.com reports. 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 quarter.

A number of other institutional investors have also recently made changes to their positions in MA. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $3,308,223,000. Moneta Group Investment Advisors LLC grew its position in shares of Mastercard by 111,819.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after buying an additional 5,977,885 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the last quarter. Morgan Stanley increased its stake in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the period. Finally, Barclays PLC raised its holdings in shares of Mastercard by 145.7% during the second quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after acquiring an additional 1,755,483 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded down $0.67 during trading hours on Friday, hitting $454.03. The company’s stock had a trading volume of 1,660,078 shares, compared to its average volume of 2,394,450. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company’s 50 day simple moving average is $471.75 and its two-hundred day simple moving average is $433.36. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $423.56 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were 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 $44,541,179,602.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 148,728 shares of company stock worth $68,483,403 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MA shares. Royal Bank of Canada boosted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research note on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and set a $480.00 price objective on shares of Mastercard in a research report on Wednesday, March 27th. KeyCorp increased their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

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.