Pineridge Advisors LLC Has $640,000 Position in Mastercard Incorporated $MA

Pineridge Advisors LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 237.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the credit services provider’s stock after purchasing an additional 801 shares during the period. Mastercard makes up 0.2% of Pineridge Advisors LLC’s portfolio, making the stock its 22nd biggest position. Pineridge Advisors LLC’s holdings in Mastercard were worth $640,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Accredited Investors Inc. boosted its holdings in shares of Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after buying an additional 18 shares during the period. Wealthstream Advisors Inc. lifted its position in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 18 shares in the last quarter. Pinion Investment Advisors LLC boosted its stake in Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC increased its holdings in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares in the last quarter. Finally, Nvest Financial LLC raised its stake in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

NYSE MA opened at $527.63 on Wednesday. The firm’s fifty day moving average price is $566.34 and its two-hundred day moving average price is $569.80. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $473.81 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the business earned $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Robert W. Baird raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company reduced their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Profile

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.