Sentinel Dome Partners LLC Invests $5.79 Million in Mastercard Incorporated $MA

Key Points

• Sentinel Dome Partners LLC initiated a new position in Mastercard during the fourth quarter, buying 10,150 shares worth about $5.79 million. Mastercard now makes up 3.9% of the firm’s portfolio and is its sixth-largest holding.
• Wall Street remains broadly bullish on Mastercard, with analysts giving it a consensus “Buy” rating and a median price target of $656.04. Several firms recently reiterated positive ratings, including “buy,” “outperform,” and “overweight.”
• Mastercard recently reported strong quarterly results, beating estimates on both earnings and revenue, and also announced a quarterly dividend of $0.87 per share. The stock was trading around $490.73, below its 12-month high.

Sentinel Dome Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,150 shares of the credit services provider's stock, valued at approximately $5,794,000. Mastercard accounts for 3.9% of Sentinel Dome Partners LLC's portfolio, making the stock its 6th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. increased its holdings in Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock worth $61,000 after purchasing an additional 18 shares in the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider's stock valued at $1,678,000 after purchasing an additional 19 shares in the last quarter. Abacus Planning Group Inc. boosted its position in shares of Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider's stock worth $337,000 after buying an additional 19 shares during the period. Thomasville National Bank boosted its position in shares of Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider's stock worth $273,000 after buying an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC grew its holdings in shares of Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider's stock worth $387,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MA. TD Cowen reissued a "buy" rating on shares of Mastercard in a research report on Tuesday, March 17th. BMO Capital Markets assumed coverage on shares of Mastercard in a research note on Tuesday, April 21st. They set an "outperform" rating and a $605.00 price target for the company. Wolfe Research reaffirmed an "outperform" rating on shares of Mastercard in a research note on Tuesday, March 17th. Morgan Stanley reiterated an "overweight" rating and issued a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Finally, Evercore restated a "negative" rating on shares of Mastercard in a report on Tuesday, March 17th. Six equities 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $656.04.

Mastercard Trading Up 0.2%

Shares of Mastercard stock opened at $490.73 on Friday. The stock has a market cap of $433.60 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The business's 50 day moving average is $498.76 and its 200-day moving average is $521.76.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts' consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.73 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

About Mastercard

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.

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