Mastercard Incorporated (MA) Receives Consensus Recommendation of “Buy” from Brokerages
Mastercard Incorporated (NYSE:MA) has received an average rating of “Buy” from the twenty-eight research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $136.81.
Several research firms have commented on MA. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. lifted their target price on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Vetr cut shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price for the company. in a research note on Monday, May 22nd. BMO Capital Markets lifted their target price on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Barclays PLC lifted their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday.
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In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the business’s 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 transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the completion of the sale, the insider now owns 112,473,827 shares in the company, valued at approximately $14,658,713,872.91. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock worth $109,574,694 in the last quarter. 0.30% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Intl Fcstone Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at about $1,873,000. USA Financial Portformulas Corp raised its stake in shares of Mastercard by 945.0% in the 2nd quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock valued at $3,232,000 after purchasing an additional 24,068 shares in the last quarter. Farmers National Bank raised its stake in shares of Mastercard by 7.2% in the 2nd quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock valued at $1,614,000 after purchasing an additional 889 shares in the last quarter. Kimelman & Baird LLC raised its stake in shares of Mastercard by 0.7% in the 2nd quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock valued at $13,357,000 after purchasing an additional 765 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Mastercard by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock valued at $9,202,000 after purchasing an additional 736 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
Shares of Mastercard (MA) traded up 0.51% on Friday, reaching $137.22. The company had a trading volume of 4,452,115 shares. Mastercard has a 1-year low of $97.49 and a 1-year high of $138.64. The firm has a market capitalization of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. The firm has a 50-day moving average price of $131.41 and a 200 day moving average price of $120.91.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. Equities research analysts predict that Mastercard will post $4.40 earnings per share for the current year.
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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