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

Pinnacle Wealth Planning Services Inc. lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,509 shares of the credit services provider's stock after selling 1,708 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Mastercard were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. FMR LLC lifted its position in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC lifted its position in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard during the fourth quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna upped their target price on Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Barclays raised their price target on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Jefferies Financial Group lifted their price objective on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $608.57.

Mastercard Price Performance

NYSE MA traded up $5.49 during trading hours on Friday, reaching $583.27. The company's stock had a trading volume of 4,581,021 shares, compared to its average volume of 2,615,375. The firm's 50-day moving average price is $543.93 and its 200-day moving average price is $539.54. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The company has a market capitalization of $531.77 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 in the last quarter. 0.10% of the stock is currently owned by insiders.

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.