Pinnacle Wealth Management Advisory Group LLC Has $6.85 Million Stake in Mastercard Incorporated (NYSE:MA)

Pinnacle Wealth Management Advisory Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 16,048 shares of the credit services provider’s stock after acquiring an additional 195 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Mastercard were worth $6,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after buying an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC raised its holdings in shares of Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after purchasing an additional 428,627 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Mizuho decreased their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company raised their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Evercore ISI raised their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $496.27.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the sale, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders sold a total of 1,023,688 shares of company stock worth $464,057,537 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock traded up $0.45 during trading on Thursday, hitting $455.22. 787,462 shares of the company were exchanged, compared to its average volume of 2,450,939. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $424.67 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The firm’s fifty day moving average price is $468.64 and its 200 day moving average price is $439.23. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.80 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

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.