Resonant Capital Advisors LLC Purchases 564 Shares of Mastercard Incorporated $MA

Resonant Capital Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 8.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,893 shares of the credit services provider’s stock after buying an additional 564 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Mastercard were worth $3,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. GAMMA Investing LLC grew its position in Mastercard by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after acquiring an additional 2,493 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Mastercard by 18.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 641 shares of the credit services provider’s stock worth $351,000 after purchasing an additional 102 shares during the period. Perpetual Ltd lifted its position in Mastercard by 16.0% in the first quarter. Perpetual Ltd now owns 4,561 shares of the credit services provider’s stock valued at $2,500,000 after purchasing an additional 629 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in shares of Mastercard by 12.8% during the first quarter. Beacon Financial Advisory LLC now owns 468 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 53 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $573.72 on Friday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. The company’s 50-day moving average is $579.51 and its 200 day moving average is $566.01. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The business’s revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Analysts Set New Price Targets

Several research analysts recently commented on MA shares. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Truist Financial set a $638.00 price objective on shares of Mastercard in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Saturday. Wells Fargo & Company raised Mastercard to a “strong-buy” rating in a research note on Wednesday. Finally, Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $638.96.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

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.