Sentinel Dome Partners LLC Purchases New Stake in Mastercard Incorporated $MA

Sentinel Dome Partners LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,150 shares of the credit services provider’s stock, valued at approximately $5,794,000. Mastercard comprises about 3.9% of Sentinel Dome Partners LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. AG Campbell Advisory LLC acquired a new position in shares of Mastercard in the fourth quarter valued at $577,000. Pure Financial Advisors LLC lifted its stake in shares of Mastercard by 2.4% during the 4th quarter. Pure Financial Advisors LLC now owns 11,138 shares of the credit services provider’s stock worth $6,358,000 after buying an additional 256 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Mastercard by 0.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,281 shares of the credit services provider’s stock worth $4,727,000 after buying an additional 69 shares during the last quarter. SHP Wealth Management bought a new stake in shares of Mastercard during the 4th quarter worth about $1,171,000. Finally, Midway Capital Research & Management bought a new stake in shares of Mastercard during the 4th quarter worth about $5,509,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.2%

MA stock opened at $490.73 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $498.76 and its 200 day simple moving average is $521.76. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a market capitalization of $433.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the firm earned $3.73 earnings per share. Mastercard’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MA shares. UBS Group decreased their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Loop Capital restated a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, BMO Capital Markets began coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.