Mastercard Incorporated (NYSE:MA) – Research analysts at Cantor Fitzgerald issued their FY2019 EPS estimates for Mastercard in a report released on Monday. Cantor Fitzgerald analyst J. Foresi expects that the credit services provider will earn $6.33 per share for the year. Cantor Fitzgerald has a “Buy” rating and a $165.00 price target on the stock.
Several other analysts have also issued reports on the stock. Barclays restated a “buy” rating and issued a $170.00 price objective on shares of Mastercard in a report on Friday. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada lowered shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a report on Thursday. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 price objective on the stock. in a report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $159.45.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS.
Several hedge funds have recently bought and sold shares of the company. Abner Herrman & Brock LLC raised its stake in shares of Mastercard by 2.9% during the fourth quarter. Abner Herrman & Brock LLC now owns 135,822 shares of the credit services provider’s stock worth $20,558,000 after purchasing an additional 3,816 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Mastercard by 1.3% during the third quarter. Prudential Financial Inc. now owns 1,311,926 shares of the credit services provider’s stock worth $185,244,000 after purchasing an additional 16,425 shares during the last quarter. Atlantic Trust Group LLC raised its stake in shares of Mastercard by 546.9% during the third quarter. Atlantic Trust Group LLC now owns 1,573,784 shares of the credit services provider’s stock worth $222,218,000 after purchasing an additional 1,330,509 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Mastercard by 5.3% during the third quarter. Parametric Portfolio Associates LLC now owns 2,967,796 shares of the credit services provider’s stock worth $419,053,000 after purchasing an additional 149,511 shares during the last quarter. Finally, Shelton Capital Management raised its stake in shares of Mastercard by 163.1% during the third quarter. Shelton Capital Management now owns 40,325 shares of the credit services provider’s stock worth $5,694,000 after purchasing an additional 25,000 shares during the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.
In related news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Mastercard announced that its board has approved a stock buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is 20.51%.
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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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