MasterCard Inc. (MA) Raised to Buy at Vetr Inc.
Vetr upgraded shares of MasterCard Inc. (NYSE:MA) from a hold rating to a buy rating in a research report released on Monday morning. The firm currently has $107.89 target price on the stock.
Other research analysts have also issued research reports about the stock. Jefferies Group reissued a buy rating and issued a $112.00 price objective on shares of MasterCard in a research note on Thursday, September 8th. Nomura raised their price objective on shares of MasterCard from $109.00 to $113.00 and gave the company a buy rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of MasterCard from a hold rating to a buy rating and set a $114.00 price target for the company in a research note on Wednesday, September 28th. Pacific Crest set a $110.00 price target on shares of MasterCard and gave the stock a buy rating in a research note on Wednesday, September 14th. Finally, Stifel Nicolaus lifted their price target on shares of MasterCard from $114.00 to $116.00 and gave the stock a buy rating in a research note on Monday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $110.88.
Shares of MasterCard (NYSE:MA) opened at 102.20 on Monday. The firm has a market cap of $111.36 billion, a price-to-earnings ratio of 28.26 and a beta of 1.22. MasterCard has a 1-year low of $78.52 and a 1-year high of $108.93. The stock has a 50 day moving average of $103.73 and a 200-day moving average of $97.88.
MasterCard (NYSE:MA) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. MasterCard had a net margin of 38.11% and a return on equity of 69.11%. The business earned $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts anticipate that MasterCard will post $3.75 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were given a $0.19 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. MasterCard’s dividend payout ratio is presently 20.99%.
In other MasterCard news, insider Ann Cairns sold 26,630 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now directly owns 58,721 shares in the company, valued at approximately $5,977,210.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 72,624 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $103.03, for a total transaction of $7,482,450.72. Following the completion of the transaction, the insider now owns 114,592,747 shares in the company, valued at $11,806,490,723.41. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its position in MasterCard by 21.3% in the third quarter. ETRADE Capital Management LLC now owns 30,860 shares of the company’s stock worth $3,141,000 after buying an additional 5,427 shares during the period. D.A. Davidson & CO. raised its position in MasterCard by 18.8% in the third quarter. D.A. Davidson & CO. now owns 76,177 shares of the company’s stock worth $7,750,000 after buying an additional 12,081 shares during the period. Piedmont Investment Advisors LLC purchased a new position in MasterCard during the third quarter worth about $20,205,000. Price T Rowe Associates Inc. MD raised its position in MasterCard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock worth $4,457,649,000 after buying an additional 4,111,803 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its position in MasterCard by 6.7% in the third quarter. Quantitative Systematic Strategies LLC now owns 12,069 shares of the company’s stock worth $1,214,000 after buying an additional 755 shares during the period. Institutional investors own 74.44% 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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