Mastercard Incorporated (MA) Receives Average Recommendation of “Buy” from Analysts
Mastercard Incorporated (NYSE:MA) has earned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twenty-five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $142.46.
Several research analysts have recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of Mastercard in a research report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 target price on the stock. Cowen and Company restated an “outperform” rating and issued a $137.00 target price (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Buckingham Research initiated coverage on shares of Mastercard in a research report on Monday. They set a “buy” rating and a $163.00 price target for the company. BidaskClub lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, September 21st.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 869,668 shares of company stock valued at $112,301,656 in the last three months. Corporate insiders own 0.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Personal Capital Advisors Corp increased its stake in Mastercard by 3.3% during the second 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. IBM Retirement Fund raised its holdings in shares of Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in shares of Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares during the period. Oribel Capital Management LP acquired a new stake in shares of Mastercard during the first quarter worth $5,849,000. Finally, Puzo Michael J raised its holdings in shares of Mastercard by 0.4% during the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Shares of Mastercard (MA) traded down 0.65% on Wednesday, reaching $142.09. 3,235,097 shares of the company’s stock traded hands. Mastercard has a 52 week low of $99.51 and a 52 week high of $143.59. The stock has a market capitalization of $151.31 billion, a price-to-earnings ratio of 35.26 and a beta of 1.18. The stock’s 50-day moving average price is $137.09 and its 200-day moving average price is $124.74.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts predict that Mastercard will post $4.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
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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