Resonant Capital Advisors LLC Has $3.13 Million Position in Mastercard Incorporated (NYSE:MA)

Resonant Capital Advisors LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,951 shares of the credit services provider’s stock after purchasing an additional 364 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Mastercard were worth $3,134,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank lifted its position in shares of Mastercard by 7.4% in the third quarter. Czech National Bank now owns 167,963 shares of the credit services provider’s stock worth $82,940,000 after purchasing an additional 11,513 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Mastercard by 27.1% in the third quarter. GAMMA Investing LLC now owns 10,513 shares of the credit services provider’s stock worth $5,191,000 after purchasing an additional 2,239 shares in the last quarter. WealthBridge Capital Management LLC lifted its position in shares of Mastercard by 261.1% in the third quarter. WealthBridge Capital Management LLC now owns 5,532 shares of the credit services provider’s stock worth $2,732,000 after purchasing an additional 4,000 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Mastercard in the third quarter worth $5,129,000. Finally, Diversified Trust Co lifted its position in shares of Mastercard by 0.3% in the third quarter. Diversified Trust Co now owns 22,045 shares of the credit services provider’s stock worth $10,886,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MA. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley dropped their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday. Finally, Citigroup upped their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $595.64.

Mastercard Trading Down 1.8 %

Shares of Mastercard stock opened at $555.63 on Monday. The company has a market capitalization of $509.97 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.23 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The firm’s 50-day moving average price is $528.28 and its two-hundred day moving average price is $501.78.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts forecast that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Mastercard 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.