Sonen Capital LLC Has $603,000 Position in Mastercard Incorporated (NYSE:MA)

Sonen Capital LLC lowered its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,524 shares of the credit services provider’s stock after selling 109 shares during the quarter. Mastercard comprises approximately 1.2% of Sonen Capital LLC’s investment portfolio, making the stock its 28th largest holding. Sonen Capital LLC’s holdings in Mastercard were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MA. Norges Bank bought a new stake in Mastercard in the 4th quarter valued at about $3,308,223,000. Moneta Group Investment Advisors LLC increased its position in shares of Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock valued at $2,080,549,000 after buying an additional 5,977,885 shares during the period. Osaic Holdings Inc. increased its position in shares of Mastercard by 900.1% during the second quarter. Osaic Holdings Inc. now owns 2,903,107 shares of the credit services provider’s stock valued at $115,047,000 after buying an additional 2,612,838 shares during the period. Morgan Stanley increased its position in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the period. Finally, Barclays PLC increased its position in shares of Mastercard by 145.7% during the second quarter. Barclays PLC now owns 2,960,242 shares of the credit services provider’s stock valued at $1,164,263,000 after buying an additional 1,755,483 shares during the period. 74.94% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA traded up $0.78 during mid-day trading on Monday, reaching $458.66. The company had a trading volume of 508,503 shares, compared to its average volume of 2,465,699. Mastercard Incorporated has a 52-week low of $340.21 and a 52-week high of $463.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $430.12 billion, a P/E ratio of 38.63, a PEG ratio of 1.74 and a beta of 1.08. The stock has a 50 day moving average of $430.47 and a two-hundred day moving average of $409.94.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business posted $2.65 earnings per share. On average, analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard announced that its board has approved a stock buyback plan on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MA shares. Monness Crespi & Hardt started coverage on Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. KeyCorp increased their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Jefferies Financial Group increased their price objective on Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Raymond James increased their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $471.85.

Read Our Latest Stock Analysis on MA

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $20,003,217.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,649,875. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,540 shares of company stock valued at $13,542,519. 0.13% of the stock is currently owned by insiders.

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Featured Stories

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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.