MasterCard Inc. (NYSE:MA) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $105.86 price objective on the stock. Vetr‘s target price suggests a potential upside of 3.91% from the company’s current price.
MA has been the topic of several other reports. Bank of America Corp. set a $103.00 target price on shares of MasterCard and gave the stock a “hold” rating in a report on Thursday, September 8th. Pacific Crest set a $110.00 price target on shares of MasterCard and gave the company a “buy” rating in a research report on Wednesday, September 14th. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, September 28th. Argus reissued a “hold” rating on shares of MasterCard in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $108.00 price target on shares of MasterCard in a research report on Monday, June 6th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. MasterCard has an average rating of “Buy” and a consensus target price of $109.71.
Shares of MasterCard (NYSE:MA) traded up 0.11% on Monday, reaching $101.88. 3,696,666 shares of the company were exchanged. The company has a market capitalization of $111.84 billion, a price-to-earnings ratio of 29.89 and a beta of 1.18. MasterCard has a 52 week low of $78.52 and a 52 week high of $102.38. The company’s 50-day moving average is $98.60 and its 200-day moving average is $95.52.
MasterCard (NYSE:MA) last issued its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that MasterCard will post $3.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. MasterCard’s payout ratio is currently 22.35%.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.82, for a total value of $9,134,482.90. Following the transaction, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $92.64, for a total value of $7,781,760.00. Following the completion of the transaction, the insider now owns 115,064,971 shares in the company, valued at approximately $10,659,618,913.44. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in MasterCard by 2.2% in the first quarter. Legal & General Group Plc now owns 4,178,642 shares of the company’s stock valued at $394,829,000 after buying an additional 88,996 shares in the last quarter. First Quadrant L P CA raised its position in MasterCard by 4.5% in the second quarter. First Quadrant L P CA now owns 128,980 shares of the company’s stock valued at $11,358,000 after buying an additional 5,600 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in MasterCard by 8.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,485,510 shares of the company’s stock valued at $140,381,000 after buying an additional 115,900 shares in the last quarter. Atwood & Palmer Inc. raised its position in MasterCard by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 191,251 shares of the company’s stock valued at $16,842,000 after buying an additional 2,389 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in MasterCard by 52.5% in the second quarter. Capital Fund Management S.A. now owns 906,868 shares of the company’s stock valued at $79,859,000 after buying an additional 312,103 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.
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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