Pinnacle Wealth Management Advisory Group LLC Cuts Stock Holdings in Mastercard Incorporated $MA

Pinnacle Wealth Management Advisory Group LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,558 shares of the credit services provider’s stock after selling 1,378 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Mastercard were worth $7,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 200 shares in the last quarter. Betterment LLC grew its holdings in shares of Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after buying an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after buying an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $499.71 on Friday. The stock has a fifty day simple moving average of $496.99 and a 200-day simple moving average of $519.84. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $441.54 billion, a PE ratio of 28.92, a P/E/G ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the firm earned $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup dropped their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Susquehanna decreased their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Finally, BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and an average price target of $656.08.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard continues to attract investor interest as a trending stock, which can support shares by keeping attention on the company’s earnings and growth outlook. Article Title
• Positive Sentiment: Mastercard highlighted new travel-focused offerings, including its “Priceless Africa” experience, reinforcing its strategy to deepen consumer engagement and build higher-value travel spending across its network. Article Title
• Positive Sentiment: Mastercard and MarginEdge launched a commercial charge card for restaurants, a small but potentially useful expansion of Mastercard’s commercial payments footprint. Article Title
• Neutral Sentiment: Market commentary continues to frame Mastercard as a premium payments company tied to international expansion, but some articles also argue the stock remains expensive and has lagged over longer periods, which could temper enthusiasm. Article Title
• Neutral Sentiment: Additional pieces focused on broad “what to know” coverage and consumer trends, but did not report a major new catalyst that would materially change Mastercard’s near-term fundamentals. Article Title

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.