MasterCard Inc. (NYSE:MA) – Research analysts at William Blair boosted their Q3 2016 earnings estimates for shares of MasterCard in a note issued to investors on Thursday. William Blair analyst R. Napoli now anticipates that the firm will post earnings of $0.94 per share for the quarter, up from their previous estimate of $0.89. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for MasterCard’s FY2016 earnings at $3.60 EPS.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. MasterCard’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share.
A number of other research firms have also issued reports on MA. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research note on Thursday, August 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 price objective on shares of MasterCard in a research note on Saturday, July 2nd. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, September 28th. Robert W. Baird reiterated an “outperform” rating and set a $115.00 price objective on shares of MasterCard in a research note on Monday, July 25th. Finally, Vetr lowered MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a research note on Monday, October 3rd. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $109.90.
Shares of MasterCard (NYSE:MA) opened at 100.88 on Friday. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 29.59 and a beta of 1.19. MasterCard has a 1-year low of $78.52 and a 1-year high of $103.49. The company has a 50-day moving average price of $100.15 and a 200 day moving average price of $96.07.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
In related news, insider Robert Reeg sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $94.79, for a total transaction of $568,740.00. Following the completion of the transaction, the insider now owns 53,501 shares of the company’s stock, valued at approximately $5,071,359.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s 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 directly owns 115,064,971 shares of the company’s stock, valued at approximately $10,659,618,913.44. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MA. RPg Family Wealth Advisory LLC acquired a new stake in MasterCard during the first quarter worth approximately $106,000. Lowe fs LLC raised its stake in 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. Seven Bridges Advisors LLC acquired a new stake in MasterCard during the second quarter worth approximately $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 worth $124,000 after buying an additional 140 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in MasterCard during the second quarter worth approximately $125,000. 75.13% of the stock is owned by institutional investors.
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.
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