Crestwood Advisors Group LLC Sells 69 Shares of Mastercard Incorporated (NYSE:MA)


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Crestwood Advisors Group LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,727 shares of the credit services provider’s stock after selling 69 shares during the period. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $12,752,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MA. Weil Company Inc. boosted its holdings in Mastercard by 2.0% during the 3rd quarter. Weil Company Inc. now owns 1,551 shares of the credit services provider’s stock worth $524,000 after acquiring an additional 31 shares during the last quarter. Professional Financial Advisors LLC boosted its holdings in Mastercard by 1.4% during the third quarter. Professional Financial Advisors LLC now owns 2,293 shares of the credit services provider’s stock worth $662,000 after purchasing an additional 32 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in Mastercard by 0.5% during the third quarter. Kingsview Wealth Management LLC now owns 7,045 shares of the credit services provider’s stock worth $2,382,000 after purchasing an additional 32 shares during the last quarter. PDS Planning Inc grew its position in Mastercard by 3.3% in the 4th quarter. PDS Planning Inc now owns 1,005 shares of the credit services provider’s stock worth $359,000 after purchasing an additional 32 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its stake in Mastercard by 3.8% in the 4th quarter. Sage Rhino Capital LLC now owns 936 shares of the credit services provider’s stock valued at $334,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Several research firms have recently issued reports on MA. Barclays upped their target price on Mastercard from $360.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating and set a $358.00 target price for the company in a research report on Tuesday, February 16th. Bank of America raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Wednesday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $372.00 to $342.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Finally, Smith Barney Citigroup lowered their price objective on shares of Mastercard from $384.00 to $355.00 in a research report on Thursday, October 29th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $356.47.

In other news, major shareholder Foundation Mastercard sold 57,198 shares of the stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $327.14, for a total transaction of $18,711,753.72. Following the transaction, the insider now directly owns 109,068,605 shares in the company, valued at approximately $35,680,703,439.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 13,248 shares of the firm’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $350.73, for a total value of $4,646,471.04. Following the transaction, the insider now directly owns 38,447 shares in the company, valued at $13,484,516.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 764,346 shares of company stock valued at $252,786,532. 3.79% of the stock is currently owned by company insiders.

Shares of MA stock traded up $5.75 on Tuesday, reaching $346.41. The company’s stock had a trading volume of 199,764 shares, compared to its average volume of 4,460,473. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. Mastercard Incorporated has a 12-month low of $199.99 and a 12-month high of $367.25. The company has a market capitalization of $345.34 billion, a P/E ratio of 51.07, a PEG ratio of 2.56 and a beta of 1.19. The stock’s 50 day simple moving average is $335.30 and its 200-day simple moving average is $334.85.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.07 EPS. Research analysts expect that Mastercard Incorporated will post 6.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, April 8th. Mastercard’s dividend payout ratio is currently 22.65%.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 8th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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