Mastercard Incorporated (MA) Stock Rating Upgraded by Wells Fargo & Company
Mastercard Incorporated (NYSE:MA) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.
Other analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Citigroup Inc. raised their price target on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Wednesday, July 5th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG restated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $143.08.
Shares of Mastercard (NYSE:MA) opened at 145.65 on Wednesday. The company has a market cap of $155.10 billion, a PE ratio of 36.14 and a beta of 1.18. Mastercard has a 12-month low of $99.51 and a 12-month high of $146.37. The company has a 50-day moving average of $138.85 and a 200 day moving average of $125.91.
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 analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Mastercard will post $4.44 EPS for the current year.
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In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard 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 completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last three months, insiders sold 869,668 shares of company stock valued at $112,301,656. Corporate insiders own 0.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Personal Capital Advisors Corp lifted its holdings in shares of Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after purchasing an additional 8,670 shares during the period. IBM Retirement Fund lifted 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. Oribel Capital Management LP acquired a new stake in shares of Mastercard during the first quarter worth about $5,849,000. Puzo Michael J lifted 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. Finally, Edgestream Partners L.P. lifted its holdings in shares of Mastercard by 289.8% during the first quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock worth $2,361,000 after purchasing an additional 15,606 shares during the period. 76.05% of the stock is owned by hedge funds and other institutional investors.
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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