Mastercard Incorporated (MA) Receives “Positive” Rating from Susquehanna Bancshares Inc
Mastercard Incorporated (NYSE:MA)‘s stock had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Friday. They currently have a $158.00 target price on the credit services provider’s stock, up from their prior target price of $149.00. Susquehanna Bancshares Inc’s target price points to a potential upside of 15.14% from the company’s current price.
A number of other analysts have also recently issued reports on MA. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $145.00 target price on shares of Mastercard in a research note on Friday. Cowen and Company restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a research note on Friday. KeyCorp restated a “buy” rating and set a $150.00 target price on shares of Mastercard in a research note on Thursday. Barclays PLC raised 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. Finally, 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 research note on Friday. One 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of $136.78.
Mastercard (NYSE:MA) traded up 0.51% on Friday, hitting $137.22. 4,452,115 shares of the stock traded hands. The firm’s 50 day moving average is $131.41 and its 200 day moving average is $120.91. The stock has a market cap of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. Mastercard has a 52 week low of $97.49 and a 52 week high of $138.64.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. Equities analysts anticipate that Mastercard will post $4.40 earnings per share for the current year.
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In related news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction that occurred 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 sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock worth $109,574,694 over the last ninety days. 0.30% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. grew its holdings in shares of Mastercard by 1.2% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after purchasing an additional 160 shares during the last quarter. Personal Capital Advisors Corp grew its holdings in shares of Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after purchasing an additional 8,670 shares during the last quarter. Adviser Investments LLC bought a new stake in shares of Mastercard during the 1st quarter valued at approximately $727,000. Linscomb & Williams Inc. grew its holdings in shares of Mastercard by 5.7% during the 1st quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after purchasing an additional 603 shares during the last quarter. Finally, UMB Bank N A MO grew its holdings in shares of Mastercard by 3.0% during the 1st quarter. UMB Bank N A MO now owns 170,060 shares of the credit services provider’s stock valued at $19,127,000 after purchasing an additional 4,905 shares during the last quarter. 76.10% 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, 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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