Mastercard Incorporated (NYSE:MA) Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,951 shares of the credit services provider’s stock after buying an additional 364 shares during the period. Resonant Capital Advisors LLC’s holdings in Mastercard were worth $3,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its position in shares of Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after buying an additional 19 shares during the last quarter. Goldstein Advisors LLC raised its stake in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the period. Community Bank N.A. raised its stake in Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares during the period. Raab & Moskowitz Asset Management LLC raised its stake in Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after acquiring an additional 20 shares during the period. Finally, Boltwood Capital Management raised its stake in Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $555.63 on Monday. The company’s fifty day moving average is $528.28 and its two-hundred day moving average is $501.78. The firm has a market capitalization of $509.97 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Equities research analysts forecast that Mastercard Incorporated will post 16.04 EPS for the current year.

Mastercard announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Mastercard Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on MA. Citigroup increased their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen upped their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday. Barclays upped their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley decreased their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $595.64.

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.