Pinnacle Financial Partners Inc Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Pinnacle Financial Partners Inc lifted its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,312 shares of the credit services provider’s stock after acquiring an additional 26 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Mastercard were worth $6,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MA. Goldstein Advisors LLC raised its holdings in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the period. McLean Asset Management Corp increased its position in Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after purchasing an additional 21 shares during the last quarter. Oldfather Financial Services LLC raised its stake in Mastercard by 2.6% during the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares during the period. Transcendent Capital Group LLC boosted its holdings in Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC grew its stake in shares of Mastercard by 1.7% in the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after buying an additional 21 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 1.4 %

Shares of MA stock opened at $521.50 on Thursday. Mastercard Incorporated has a twelve month low of $394.76 and a twelve month high of $534.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $501.55 and its two-hundred day moving average is $469.88. The company has a market capitalization of $478.65 billion, a P/E ratio of 39.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.39 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. KeyCorp boosted their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Susquehanna upped their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

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.