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

Resonant Capital Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 64.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,508 shares of the credit services provider's stock after purchasing an additional 1,767 shares during the quarter. Resonant Capital Advisors LLC's holdings in Mastercard were worth $1,923,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bornite Capital Management LP bought a new stake in shares of Mastercard in the 1st quarter worth $21,442,000. United Bank raised its stake in shares of Mastercard by 34.5% in the 1st quarter. United Bank now owns 6,007 shares of the credit services provider's stock worth $2,147,000 after buying an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Mastercard by 30.1% in the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider's stock worth $97,335,000 after buying an additional 63,040 shares in the last quarter. First Western Trust Bank bought a new stake in shares of Mastercard in the 1st quarter worth $1,168,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Mastercard during the first quarter worth $12,926,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.2 %

NYSE MA traded up $0.69 on Friday, reaching $455.39. The stock had a trading volume of 2,545,303 shares, compared to its average volume of 2,408,385. The business has a 50 day moving average price of $471.70 and a 200 day moving average price of $433.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $424.83 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the prior year, the company posted $2.65 EPS. On average, analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid 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 dividend payout ratio (DPR) is presently 22.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MA shares. Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on Mastercard from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Oppenheimer reaffirmed an "outperform" rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Mizuho reaffirmed a "buy" rating and set a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. Finally, The Goldman Sachs Group boosted their target price on Mastercard from $433.00 to $482.00 and gave the stock a "buy" rating in a research report on Thursday, January 11th. Two 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $490.23.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company's stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ajay Bhalla sold 98 shares of the business's stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now owns 6,235 shares of the company's stock, valued at approximately $2,740,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, 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. In the last quarter, insiders sold 148,728 shares of company stock worth $68,483,403. 0.13% of the stock is owned by corporate insiders.

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.