Resources Management Corp CT ADV Acquires 374 Shares of Mastercard Incorporated (NYSE:MA)

Resources Management Corp CT ADV raised its holdings in Mastercard Incorporated (NYSE:MA) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,451 shares of the credit services provider’s stock after buying an additional 374 shares during the period. Resources Management Corp CT ADV’s holdings in Mastercard were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Marietta Investment Partners LLC raised its stake in Mastercard by 0.3% in the second quarter. Marietta Investment Partners LLC now owns 22,456 shares of the credit services provider’s stock valued at $9,907,000 after buying an additional 60 shares during the period. Xponance Inc. increased its stake in shares of Mastercard by 1.1% during the second quarter. Xponance Inc. now owns 212,966 shares of the credit services provider’s stock worth $93,952,000 after purchasing an additional 2,263 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Mastercard by 1.9% during the second quarter. Evergreen Capital Management LLC now owns 8,286 shares of the credit services provider’s stock worth $3,655,000 after purchasing an additional 151 shares during the period. Magnetar Financial LLC bought a new position in shares of Mastercard during the second quarter worth approximately $1,154,000. Finally, J. Stern & Co. LLP increased its stake in shares of Mastercard by 3.5% during the second quarter. J. Stern & Co. LLP now owns 109,555 shares of the credit services provider’s stock worth $48,331,000 after purchasing an additional 3,667 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MA. Piper Sandler increased their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America increased their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Susquehanna increased their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Mastercard Trading Up 0.9 %

Shares of MA stock opened at $497.14 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The company has a market cap of $462.15 billion, a PE ratio of 39.52, a P/E/G ratio of 1.92 and a beta of 1.10. The stock’s fifty day moving average price is $467.31 and its two-hundred day moving average price is $461.24.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts predict that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 478,809 shares of company stock valued at $222,150,923 in the last three months. Insiders own 0.10% 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.