Mastercard Incorporated $MA Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC decreased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 73,757 shares of the credit services provider’s stock after selling 1,204 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $42,107,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after acquiring an additional 466,514 shares during the period. State Street Corp boosted its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the period. Capital Research Global Investors boosted its holdings in shares of Mastercard by 6.5% during the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. Legal & General Group Plc boosted its holdings in shares of Mastercard by 4.2% during the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after acquiring an additional 235,403 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Mastercard by 6.4% during the third quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock valued at $3,218,638,000 after acquiring an additional 339,137 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $500.98 on Friday. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The firm’s 50-day simple moving average is $506.14 and its 200 day simple moving average is $534.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $446.78 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the business earned $3.73 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 19.58 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s payout ratio is 20.14%.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a report on Friday, May 1st. Truist Financial cut their price objective on shares of Mastercard from $611.00 to $590.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average target price of $657.07.

View Our Latest Research Report on MA

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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