MasterCard Inc. (MA) Lifted to “Buy” at Vetr Inc.
MasterCard Inc. (NYSE:MA) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $111.32 price target on the stock. Vetr‘s price target suggests a potential upside of 9.84% from the stock’s previous close.
Several other equities research analysts also recently commented on MA. BMO Capital Markets reiterated a “buy” rating on shares of MasterCard in a report on Monday, July 11th. Barclays PLC raised their target price on MasterCard from $103.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Robert W. Baird reiterated a “buy” rating on shares of MasterCard in a report on Wednesday, June 15th. Nomura raised their target price on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Finally, JPMorgan Chase & Co. raised their target price on MasterCard from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.90.
MasterCard (NYSE:MA) traded down 1.27% during midday trading on Tuesday, hitting $101.35. The stock had a trading volume of 3,412,894 shares. The company has a 50-day moving average price of $99.71 and a 200-day moving average price of $95.93. The company has a market cap of $111.26 billion, a price-to-earnings ratio of 29.73 and a beta of 1.18. MasterCard has a 12-month low of $78.52 and a 12-month high of $103.49.
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MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Equities analysts anticipate that MasterCard will post $3.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
In other news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the sale, the insider now directly owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares in the company, valued at $1,581,239.77. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.
Large investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of MasterCard during the second quarter worth about $217,521,000. Emerald Acquisition Ltd. acquired a new position in shares of MasterCard during the second quarter worth $212,422,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of MasterCard by 44.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,667,510 shares of the company’s stock worth $322,961,000 after buying an additional 1,122,500 shares in the last quarter. Carmignac Gestion increased its position in shares of MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock worth $883,352,000 after buying an additional 977,812 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
To view Vetr’s full report, visit Vetr’s official website.
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