Pineridge Advisors LLC Buys 58 Shares of Mastercard Incorporated (NYSE:MA)

Pineridge Advisors LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440 shares of the credit services provider’s stock after purchasing an additional 58 shares during the period. Pineridge Advisors LLC’s holdings in Mastercard were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at about $25,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at $54,000. Raelipskie Partnership lifted its position in Mastercard by 120.0% during the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after purchasing an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $55,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. Barclays increased their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. UBS Group upped their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Price Performance

Shares of MA opened at $565.51 on Tuesday. The stock has a market cap of $519.05 billion, a P/E ratio of 40.71, a P/E/G ratio of 2.37 and a beta of 1.10. The business’s fifty day moving average is $531.61 and its 200 day moving average is $506.04. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

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.