Pine Valley Investments Ltd Liability Co Has $1.20 Million Stake in Mastercard Incorporated (NYSE:MA)

Pine Valley Investments Ltd Liability Co lowered its stake in Mastercard Incorporated (NYSE:MA) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,420 shares of the credit services provider’s stock after selling 247 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Mastercard were worth $1,195,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Eaton Financial Holdings Company LLC acquired a new position in Mastercard during the 3rd quarter valued at about $609,000. Anchor Investment Management LLC raised its stake in shares of Mastercard by 1.7% during the third quarter. Anchor Investment Management LLC now owns 9,345 shares of the credit services provider’s stock worth $4,614,000 after buying an additional 153 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Mastercard by 4.2% in the third quarter. SkyView Investment Advisors LLC now owns 5,035 shares of the credit services provider’s stock valued at $2,493,000 after buying an additional 203 shares during the period. Virtu Financial LLC boosted its stake in Mastercard by 18.5% in the third quarter. Virtu Financial LLC now owns 3,105 shares of the credit services provider’s stock valued at $1,533,000 after acquiring an additional 485 shares during the last quarter. Finally, Advisory Resource Group grew its holdings in Mastercard by 1.3% during the 3rd quarter. Advisory Resource Group now owns 2,276 shares of the credit services provider’s stock worth $1,124,000 after acquiring an additional 29 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen lifted their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. KeyCorp boosted their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Citigroup raised their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $559.28.

Mastercard Stock Performance

Shares of MA stock opened at $532.47 on Friday. Mastercard Incorporated has a 52 week low of $411.60 and a 52 week high of $536.75. The company has a market capitalization of $488.71 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.38 and a beta of 1.10. The company has a 50-day simple moving average of $516.61 and a 200 day simple moving average of $480.61. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.39 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company 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.