Pinnacle Bancorp Inc. Sells 30 Shares of Mastercard Incorporated (NYSE:MA)

Pinnacle Bancorp Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 741 shares of the credit services provider’s stock after selling 30 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Mastercard were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 1st quarter valued at approximately $25,000. Hibernia Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard during the 4th quarter valued at approximately $27,000. Bollard Group LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at approximately $29,000. Finally, Barometer Capital Management Inc. bought a new stake in Mastercard during the 3rd quarter worth approximately $36,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of Mastercard stock traded up $2.10 on Monday, reaching $479.25. The stock had a trading volume of 1,961,774 shares, compared to its average volume of 2,435,576. Mastercard Incorporated has a 1 year low of $357.58 and a 1 year high of $490.00. The company has a market cap of $447.09 billion, a P/E ratio of 40.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The business’s 50 day moving average is $469.88 and its two-hundred day moving average is $429.65.

Mastercard (NYSE:MA) last announced 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 net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the firm posted $2.65 earnings per share. As a group, research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MA. BMO Capital Markets boosted their target price on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Jefferies Financial Group boosted their target price on shares of Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada boosted their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $481.95.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 8,900 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at $20,003,217.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 8,900 shares of the company’s stock in a transaction dated 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 owns 46,491 shares in the company, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock valued at $23,309,067 over the last three months. 0.13% of the stock is owned by corporate insiders.

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.