Crestmont Private Wealth LLC Has $372,000 Stake in Mastercard Incorporated (NYSE:MA)

Crestmont Private Wealth LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 945 shares of the credit services provider’s stock after acquiring an additional 93 shares during the period. Crestmont Private Wealth LLC’s holdings in Mastercard were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in Mastercard during the 4th quarter valued at $3,308,223,000. Moneta Group Investment Advisors LLC boosted its holdings in Mastercard by 111,819.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,983,231 shares of the credit services provider’s stock worth $2,080,549,000 after purchasing an additional 5,977,885 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Mastercard by 241.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,791,626 shares of the credit services provider’s stock valued at $507,830,000 after buying an additional 3,386,762 shares during the last quarter. Morgan Stanley lifted its position in shares of Mastercard by 17.7% during the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after buying an additional 2,385,640 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mastercard by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock worth $9,398,165,000 after buying an additional 2,247,291 shares during the last quarter. 74.94% of the stock is owned by institutional investors.

Mastercard Stock Up 0.2 %

MA stock opened at $414.31 on Friday. The company’s 50 day moving average is $401.47 and its 200 day moving average is $381.18. The stock has a market cap of $390.37 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.57. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $418.60.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.05. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, July 6th. This represents a $2.28 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Barclays boosted their price objective on Mastercard from $437.00 to $470.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Mizuho restated a “buy” rating and set a $435.00 price objective on shares of Mastercard in a report on Tuesday, August 29th. BMO Capital Markets boosted their target price on shares of Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Bank of America raised their price target on shares of Mastercard from $438.00 to $442.00 in a research note on Tuesday, July 18th. Finally, Citigroup raised their target price on Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $442.83.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 10,838 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $394.38, for a total value of $4,274,290.44. Following the completion of the sale, the chief financial officer now owns 20,707 shares of the company’s stock, valued at approximately $8,166,426.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO J. Mehra Sachin sold 10,838 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the sale, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total value of $49,243,124.24. Following the sale, the insider now directly owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 407,267 shares of company stock valued at $161,485,243. Corporate insiders own 0.13% of the company’s stock.

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 other payment-related products and services.