Crestwood Advisors Group LLC Has $34.02 Million Holdings in Mastercard Incorporated (NYSE:MA)

Crestwood Advisors Group LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,074 shares of the credit services provider's stock after buying an additional 4,098 shares during the period. Crestwood Advisors Group LLC's holdings in Mastercard were worth $34,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the fourth quarter valued at $31,000. Navigoe LLC purchased a new stake in Mastercard in the fourth quarter valued at $33,000. 10Elms LLP purchased a new stake in Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 over the last quarter. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MA. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Price Performance

NYSE:MA traded up $4.36 during mid-day trading on Tuesday, reaching $559.01. 2,010,250 shares of the company were exchanged, compared to its average volume of 2,661,087. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a fifty day moving average of $567.30 and a 200 day moving average of $548.77. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market cap of $509.65 billion, a PE ratio of 39.20, a PEG ratio of 2.40 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

About Mastercard

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.