Schonfeld Strategic Advisors LLC Has $7.20 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 72.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,674 shares of the credit services provider's stock after selling 36,653 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Mastercard were worth $7,200,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the period. Capital Investment Advisory Services LLC boosted its position in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock valued at $1,651,000 after purchasing an additional 19 shares during the last quarter. Capital Investment Services of America Inc. increased its position in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. raised its stake in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC lifted its holdings in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Mastercard Stock Performance

NYSE MA traded up $4.02 on Wednesday, hitting $563.01. 736,290 shares of the stock were exchanged, compared to its average volume of 2,600,598. The company has a market capitalization of $513.30 billion, a PE ratio of 40.50, a P/E/G ratio of 2.37 and a beta of 1.06. The business's fifty day moving average is $532.24 and its 200 day moving average is $532.12. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.31 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Susquehanna raised their target price on Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

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.