Crestwood Advisors Group LLC Sells 108 Shares of Mastercard Incorporated (NYSE:MA)

Crestwood Advisors Group LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,520 shares of the credit services provider’s stock after selling 108 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $5,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MA. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 1st quarter worth approximately $25,000. Hibernia Wealth Partners LLC purchased a new position in Mastercard in the 3rd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter worth approximately $27,000. Barometer Capital Management Inc. purchased a new position in Mastercard in the 3rd quarter worth approximately $36,000. Finally, Mascoma Wealth Management LLC purchased a new position in shares of Mastercard during the third quarter valued at approximately $38,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. Monness Crespi & Hardt initiated coverage on Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. The Goldman Sachs Group boosted their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. KeyCorp boosted their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada upped their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Mizuho reiterated a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $484.82.

Mastercard Stock Performance

NYSE:MA traded down $2.93 on Friday, hitting $465.38. The stock had a trading volume of 2,486,361 shares, compared to its average volume of 2,293,737. The business’s 50-day simple moving average is $471.81 and its two-hundred day simple moving average is $431.64. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a market cap of $434.15 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company earned $2.65 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. Insiders have sold 41,728 shares of company stock valued at $19,479,753 over the last quarter. 0.13% of the stock is currently owned by company insiders.

About Mastercard

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.