MasterCard Inc. (MA) Upgraded to Buy at Vetr Inc.
Other equities research analysts have also issued research reports about the company. Citigroup Inc. increased their target price on MasterCard from $106.00 to $108.00 and gave the company a buy rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. reiterated a buy rating and issued a $118.00 target price on shares of MasterCard in a research note on Monday, July 18th. BMO Capital Markets reiterated a buy rating on shares of MasterCard in a research note on Monday, July 11th. Jefferies Group reiterated a buy rating on shares of MasterCard in a research note on Tuesday, July 5th. Finally, Robert W. Baird reiterated a buy rating on shares of MasterCard in a research note on Wednesday, June 15th. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $109.90.
MasterCard (NYSE:MA) opened at 101.35 on Tuesday. MasterCard has a one year low of $78.52 and a one year high of $103.49. The firm has a 50-day moving average price of $99.71 and a 200-day moving average price of $95.93. The stock has a market cap of $111.26 billion, a price-to-earnings ratio of 29.73 and a beta of 1.19.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts predict that MasterCard will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s payout ratio is currently 22.35%.
In other news, CFO Martina Hundmejean sold 94,345 shares of the business’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 sale, the chief financial officer now owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the sale, the insider now directly owns 115,148,971 shares in the company, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
Several hedge funds have recently bought and sold shares of MA. Vontobel Asset Management Inc. increased its stake in MasterCard by 1.0% in the third quarter. Vontobel Asset Management Inc. now owns 4,817,661 shares of the company’s stock worth $503,390,000 after buying an additional 46,770 shares in the last quarter. Guild Investment Management Inc. purchased a new stake in MasterCard during the third quarter worth approximately $314,000. Fisher Asset Management LLC increased its stake in MasterCard by 23.1% in the third quarter. Fisher Asset Management LLC now owns 295,924 shares of the company’s stock worth $30,116,000 after buying an additional 55,490 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in MasterCard by 40.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 282,911 shares of the company’s stock worth $28,792,000 after buying an additional 81,671 shares in the last quarter. Finally, Kelman Lazarov Inc. increased its stake in MasterCard by 0.6% in the third quarter. Kelman Lazarov Inc. now owns 27,580 shares of the company’s stock worth $2,792,000 after buying an additional 175 shares in the last quarter. 75.13% of the stock is currently 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.
To view Vetr’s full report, visit Vetr’s official website.
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