Mastercard Incorporated (MA) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a report issued on Friday. They presently have a $145.00 price objective on the credit services provider’s stock. Oppenheimer Holdings Inc.’s price objective would indicate a potential upside of 5.67% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Cowen and Company restated a “buy” rating and issued a $137.00 target price on shares of Mastercard in a report on Friday. Credit Suisse Group raised their target price on shares of Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. Nomura raised their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada restated a “top pick” rating and issued a $130.00 target price on shares of Mastercard in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $134.14.
Mastercard (MA) traded up 0.51% during trading on Friday, reaching $137.22. The company’s stock had a trading volume of 4,452,115 shares. The company has a 50-day moving average of $131.16 and a 200 day moving average of $120.79. The firm has a market cap of $146.13 billion, a PE ratio of 34.05 and a beta of 1.18. Mastercard has a one year low of $97.49 and a one year high of $138.64.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts expect that Mastercard will post $4.40 EPS for the current fiscal year.
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In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the sale, the insider now owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the last quarter. State Street Corp increased its holdings in Mastercard by 0.4% in the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after acquiring an additional 140,515 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Capital Research Global Investors increased its holdings in Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors increased its holdings in Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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