Resonant Capital Advisors LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 6.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,329 shares of the credit services provider’s stock after purchasing an additional 378 shares during the period. Resonant Capital Advisors LLC’s holdings in Mastercard were worth $3,469,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewSquare Capital LLC purchased a new stake in Mastercard during the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $31,000. 10Elms LLP acquired a new stake in shares of Mastercard during the fourth quarter worth $33,000. Navigoe LLC purchased a new position in Mastercard in the 4th quarter valued at $33,000. Finally, Truvestments Capital LLC grew its position in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently commented on MA. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.
Mastercard Stock Down 0.5%
MA stock opened at $561.75 on Thursday. The company has a 50 day moving average price of $565.55 and a two-hundred day moving average price of $546.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $512.15 billion, a P/E ratio of 39.39, a PEG ratio of 2.45 and a beta of 1.02. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.
Mastercard Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 21.32%.
Insider Transactions at Mastercard
In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 310 shares of Mastercard stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total transaction of $173,910.00. Following the completion of the transaction, the director owned 8,323 shares in the company, valued at approximately $4,669,203. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock valued at $20,173,035 in the last quarter. Insiders own 0.09% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Mastercard
- How to Invest in Biotech Stocks
- Nike’s Stock Just Got an Upgrade: Is a Real Comeback Brewing?
- What is the Nikkei 225 index?
- Rocket Lab: Latest Catalysts Bolster the Bull Case
- What Are the FAANG Stocks and Are They Good Investments?
- Jefferies Raises Broadcom Price Target to $315: 19% Upside Ahead
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.