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

Pineridge Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 237.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,138 shares of the credit services provider’s stock after acquiring an additional 801 shares during the quarter. Mastercard accounts for about 0.2% of Pineridge Advisors LLC’s investment 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. PFG Advisors grew its stake in Mastercard by 18.9% during the first quarter. PFG Advisors now owns 3,798 shares of the credit services provider’s stock worth $2,082,000 after buying an additional 604 shares during the last quarter. Hartford Funds Management Co LLC increased its holdings in shares of Mastercard by 19.7% during the first quarter. Hartford Funds Management Co LLC now owns 2,784 shares of the credit services provider’s stock worth $1,526,000 after buying an additional 459 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Mastercard in the first quarter valued at approximately $1,385,000. Finally, Wesleyan Assurance Society raised its stake in shares of Mastercard by 17.5% in the first quarter. Wesleyan Assurance Society now owns 36,270 shares of the credit services provider’s stock valued at $19,871,000 after acquiring an additional 5,390 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $527.63 on Wednesday. The firm has a fifty day moving average of $566.34 and a two-hundred day moving average of $569.80. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $473.81 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

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

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Robert W. Baird raised their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Macquarie upped their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $652.50.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard 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 owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Company 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.