MasterCard Inc. (NYSE:MA) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $111.32 target price on the stock. Vetr‘s target price indicates a potential upside of 9.83% from the stock’s previous close.
A number of other analysts also recently weighed in on MA. Wells Fargo & Co. reissued a “market perform” rating and set a $105.00 price target on shares of MasterCard in a research report on Wednesday, June 15th. Robert W. Baird reaffirmed a “buy” rating on shares of MasterCard in a report on Wednesday, June 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of MasterCard in a report on Saturday, July 2nd. Jefferies Group reaffirmed a “buy” rating on shares of MasterCard in a report on Tuesday, July 5th. Finally, Barclays PLC decreased their price objective on shares of MasterCard from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $109.90.
MasterCard (NYSE:MA) opened at 101.36 on Tuesday. The stock’s 50 day moving average is $99.85 and its 200-day moving average is $95.96. MasterCard has a 1-year low of $78.52 and a 1-year high of $103.49. The firm has a market capitalization of $111.27 billion, a PE ratio of 29.73 and a beta of 1.19.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts forecast that MasterCard will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. MasterCard’s dividend payout ratio is 22.35%.
In related news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $92.64, for a total value of $7,781,760.00. Following the completion of the sale, the insider now directly owns 115,064,971 shares in the company, valued at approximately $10,659,618,913.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ann Cairns sold 26,630 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the completion of the sale, the insider now owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.
Large investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC bought a new stake in MasterCard during the second quarter valued at $109,000. Hanson McClain Inc. raised its stake in MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock valued at $124,000 after buying an additional 140 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in MasterCard during the second quarter valued at $125,000. Finally, Societe Generale bought a new stake in MasterCard during the second quarter valued at $135,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
To view Vetr’s full report, visit Vetr’s official website.
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