MasterCard Inc. (NYSE:MA) – Stock analysts at Jefferies Group reduced their Q1 2017 EPS estimates for shares of MasterCard in a research report issued on Tuesday. Jefferies Group analyst J. Kupferberg now expects that the firm will post earnings of $0.96 per share for the quarter, down from their previous estimate of $0.97. Jefferies Group currently has a “Buy” rating and a $112.00 price objective on the stock. Jefferies Group also issued estimates for MasterCard’s FY2017 earnings at $4.16 EPS and FY2018 earnings at $4.87 EPS.
A number of other research firms have also recently commented on MA. Nomura upped their price target on shares of MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Barclays PLC upped their price objective on shares of MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Vetr raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $111.32 price objective for the company in a research note on Tuesday, October 11th. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Finally, Citigroup Inc. upped their price objective on shares of MasterCard from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.90.
Shares of MasterCard (NYSE:MA) traded up 0.880% during mid-day trading on Wednesday, hitting $102.625. 1,917,658 shares of the stock were exchanged. MasterCard has a 52-week low of $78.52 and a 52-week high of $103.49. The stock has a 50-day moving average price of $100.42 and a 200 day moving average price of $96.19. The firm has a market cap of $112.66 billion, a price-to-earnings ratio of 30.104 and a beta of 1.19.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS 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 firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. MasterCard’s dividend payout ratio (DPR) is 22.35%.
In other news, Director Silvio Barzi sold 9,600 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total transaction of $926,112.00. Following the transaction, the director now owns 16,391 shares in the company, valued at approximately $1,581,239.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the stock in a transaction that occurred 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 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. Insiders own 3.14% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of MasterCard during the first quarter worth $106,000. Seven Bridges Advisors LLC purchased a new position in shares of MasterCard during the second quarter worth $109,000. Lowe fs LLC raised its position in shares of MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of MasterCard during the second quarter worth $121,000. Finally, Hanson McClain Inc. raised its position in shares of MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 75.14% 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.
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