Crestwood Advisors Group LLC Has $41.38 Million Stake in Mastercard Incorporated $MA

Crestwood Advisors Group LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 18.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 73,629 shares of the credit services provider’s stock after buying an additional 11,555 shares during the period. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $41,375,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. ORG Partners LLC raised its holdings in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC raised its holdings in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares during the period. Curio Wealth LLC raised its stake in Mastercard by 22,400.0% during the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares during the period. Wheelhouse Advisory Group LLC raised its stake in Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after buying an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC raised its stake in Mastercard by 4.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after buying an additional 264 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 1.6%

Shares of Mastercard stock opened at $552.68 on Wednesday. The business’s 50 day simple moving average is $574.64 and its 200 day simple moving average is $568.88. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market cap of $499.63 billion, a PE ratio of 37.27, a P/E/G ratio of 2.27 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the firm earned $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday. Macquarie raised their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus target price of $647.59.

Mastercard 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.