Mastercard Incorporated (NYSE:MA) – Wedbush increased their Q1 2018 EPS estimates for shares of Mastercard in a report issued on Wednesday. Wedbush analyst M. Katri now anticipates that the credit services provider will earn $1.20 per share for the quarter, up from their previous forecast of $1.18. Wedbush currently has a “Buy” rating and a $140.00 target price on the stock. Wedbush also issued estimates for Mastercard’s Q2 2018 earnings at $1.29 EPS, Q1 2019 earnings at $1.41 EPS, Q2 2019 earnings at $1.50 EPS and FY2019 earnings at $6.26 EPS.
A number of other analysts also recently weighed in on the stock. Oppenheimer restated a “buy” rating and issued a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Citigroup boosted their target price on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Nomura boosted 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, September 8th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Susquehanna Bancshares restated a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $159.69.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at about $102,000. Chicago Partners Investment Group LLC raised its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $106,000. Finally, Proficio Capital Partners LLC raised its stake in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. 75.81% of the stock is owned by institutional investors.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s 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 completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. Mastercard’s payout ratio is currently 20.47%.
Mastercard declared that its board has approved a stock repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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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