Pinnacle Wealth Planning Services Inc. Sells 1,708 Shares of Mastercard Incorporated (NYSE:MA)

Pinnacle Wealth Planning Services Inc. lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,509 shares of the credit services provider’s stock after selling 1,708 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Mastercard were worth $1,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC raised its position in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after purchasing an additional 185 shares during the period. Dock Street Asset Management Inc. increased its holdings in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after buying an additional 1,194 shares during the period. Avestar Capital LLC lifted its stake in shares of Mastercard by 10.9% in the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock valued at $2,955,000 after acquiring an additional 550 shares during the last quarter. Finally, Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at about $6,022,224,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Down 1.0%

MA opened at $564.23 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $514.41 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The firm has a 50-day simple moving average of $540.36 and a two-hundred day simple moving average of $538.06.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company earned $3.31 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. UBS Group decreased their target price on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $606.25.

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.