Crestwood Advisors Group LLC Buys 37,720 Shares of Mastercard Incorporated (NYSE:MA)

Crestwood Advisors Group LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 254.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 52,563 shares of the credit services provider’s stock after buying an additional 37,720 shares during the period. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $25,955,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MA. Vanguard Group Inc. boosted its position in shares of Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital Research Global Investors raised its stake in Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Ameriprise Financial Inc. grew its position in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock worth $2,241,297,000 after purchasing an additional 71,569 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock worth $1,908,973,000 after purchasing an additional 113,238 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. KeyCorp increased their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Citigroup raised their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Trading Down 0.0 %

Shares of Mastercard stock traded down $0.08 on Tuesday, hitting $505.50. The stock had a trading volume of 66,901 shares, compared to its average volume of 2,437,729. The stock has a 50 day moving average of $496.51 and a 200 day moving average of $467.30. The firm has a market capitalization of $467.00 billion, a P/E ratio of 38.24, a PEG ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $384.20 and a twelve month high of $527.90. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Mastercard Company 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.