Crestwood Capital Management L.P. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,430 shares of the credit services provider’s stock after selling 20,470 shares during the period. Mastercard comprises approximately 2.7% of Crestwood Capital Management L.P.’s holdings, making the stock its 17th largest position. Crestwood Capital Management L.P.’s holdings in Mastercard were worth $6,122,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after buying an additional 591,427 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares during the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Mastercard by 2.5% in the first quarter. Pioneer Investment Management Inc. now owns 4,128,538 shares of the credit services provider’s stock valued at $464,336,000 after buying an additional 99,565 shares during the last quarter. Swiss National Bank boosted its position in shares of Mastercard by 24.6% in the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after buying an additional 722,600 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Mastercard by 24.8% in the first quarter. OppenheimerFunds Inc. now owns 3,584,158 shares of the credit services provider’s stock valued at $403,111,000 after buying an additional 711,542 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) traded down 0.19% on Wednesday, hitting $133.58. The stock had a trading volume of 671,002 shares. Mastercard Incorporated has a 12 month low of $95.77 and a 12 month high of $134.24. The stock has a 50 day moving average of $129.18 and a 200-day moving average of $119.24. The stock has a market cap of $142.25 billion, a PE ratio of 33.15 and a beta of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, July 5th. Mastercard’s payout ratio is 21.78%.

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MA has been the topic of several analyst reports. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Finally, Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price on the stock. in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $128.20.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is owned by corporate insiders.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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