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


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Crestwood Advisors Group LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Mastercard by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,422,569 shares of the credit services provider’s stock valued at $5,185,528,000 after acquiring an additional 637,124 shares during the period. Morgan Stanley boosted its position in shares of Mastercard by 6.5% in the third quarter. Morgan Stanley now owns 14,937,228 shares of the credit services provider’s stock worth $5,051,323,000 after purchasing an additional 908,871 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Mastercard by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,729,122 shares of the credit services provider’s stock worth $2,275,589,000 after purchasing an additional 19,531 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mastercard by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,270,127 shares of the credit services provider’s stock valued at $1,444,029,000 after purchasing an additional 57,615 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Mastercard by 8.8% during the 4th quarter. Fisher Asset Management LLC now owns 3,985,855 shares of the credit services provider’s stock valued at $1,422,711,000 after buying an additional 321,980 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

A number of research firms have recently weighed in on MA. BMO Capital Markets dropped their price objective on Mastercard from $345.00 to $333.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. KeyCorp cut their price objective on Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Jefferies Financial Group upgraded Mastercard from a “hold” rating to a “buy” rating and boosted their target price for the stock from $315.00 to $415.00 in a research report on Wednesday, January 13th. JPMorgan Chase & Co. cut their price target on Mastercard from $372.00 to $342.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Finally, Barclays lifted their price objective on Mastercard from $360.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, January 25th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $356.47.

In related news, insider Edward Grunde Mclaughlin sold 13,248 shares of the business’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $350.73, for a total transaction of $4,646,471.04. Following the transaction, the insider now directly owns 38,447 shares in the company, valued at approximately $13,484,516.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gilberto Caldart sold 7,528 shares of the company’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $340.00, for a total value of $2,559,520.00. Following the transaction, the insider now directly owns 9,100 shares in the company, valued at $3,094,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 764,346 shares of company stock valued at $252,786,532. Insiders own 3.79% of the company’s stock.

MA stock traded up $5.75 during trading on Tuesday, hitting $346.41. 199,764 shares of the company’s stock traded hands, compared to its average volume of 4,460,473. The firm 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. Mastercard Incorporated has a 1 year low of $199.99 and a 1 year high of $367.25. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The business has a fifty day simple moving average of $335.30 and a two-hundred day simple moving average of $334.85.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.13. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business posted $2.07 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.

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

Mastercard declared that its Board of Directors has approved a stock buyback plan on Tuesday, December 8th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About Mastercard

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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