Pinnacle Wealth Management Advisory Group LLC Buys 195 Shares of Mastercard Incorporated (NYSE:MA)

Pinnacle Wealth Management Advisory Group LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,048 shares of the credit services provider’s stock after purchasing an additional 195 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Mastercard were worth $6,845,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MA. Activest Wealth Management raised its stake in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the period. Cross Staff Investments Inc raised its stake in shares of Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA raised its stake in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 1,023,688 shares of company stock worth $464,057,537 in the last 90 days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MA. Morgan Stanley reduced their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird boosted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Royal Bank of Canada boosted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Trading Up 0.1 %

MA traded up $0.45 during midday trading on Thursday, reaching $455.22. 787,462 shares of the company’s stock traded hands, compared to its average volume of 2,450,939. The firm has a fifty day moving average of $468.64 and a two-hundred day moving average of $439.23. The stock has a market capitalization of $424.67 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate 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.