Crestwood Advisors Group LLC Has $42.64 Million Holdings in Mastercard Incorporated $MA

Crestwood Advisors Group LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 74,961 shares of the credit services provider’s stock after acquiring an additional 1,332 shares during the period. Crestwood Advisors Group LLC’s holdings in Mastercard were worth $42,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Washington Trust Advisors Inc. increased its stake in shares of Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after buying an additional 18 shares during the period. Rialto Wealth Management LLC grew its holdings in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 18 shares during the last quarter. Robbins Farley increased its position in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the period. Brady Martz Wealth Solutions LLC raised its stake in shares of Mastercard by 2.2% during the third quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock valued at $479,000 after acquiring an additional 18 shares during the last quarter. Finally, Alpine Bank Wealth Management lifted its holdings in shares of Mastercard by 1.0% during the third quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock worth $1,034,000 after purchasing an additional 18 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MA. JPMorgan Chase & Co. decreased their price objective on Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Wells Fargo & Company increased their price target on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Macquarie Infrastructure lifted their price objective on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average target price of $669.27.

Mastercard Trading Down 1.7%

Shares of MA stock opened at $518.43 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $553.43 and a two-hundred day simple moving average of $562.84. The company has a market cap of $465.55 billion, a P/E ratio of 31.38, a PEG ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.82 EPS. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is currently 21.07%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.