Mastercard Incorporated (NYSE:MA) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,888 shares of the credit services provider's stock after purchasing an additional 450 shares during the period. Pinnacle Financial Partners Inc's holdings in Mastercard were worth $7,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewSquare Capital LLC acquired a new position in shares of Mastercard during the fourth quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the fourth quarter worth approximately $31,000. Navigoe LLC acquired a new position in Mastercard during the 4th quarter worth approximately $33,000. 10Elms LLP acquired a new position in Mastercard during the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC increased its position in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider owned 3,255 shares of the company's stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 310 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director owned 8,323 shares of the company's stock, valued at approximately $4,669,203. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last ninety days. Company insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $5.01 during trading on Friday, reaching $566.53. The company's stock had a trading volume of 1,528,739 shares, compared to its average volume of 2,668,807. The business has a 50 day moving average price of $566.17 and a 200-day moving average price of $546.25. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 21.32%.

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.