Vetr upgraded shares of Mastercard (NYSE:MA) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $157.45 price objective on the credit services provider’s stock.

A number of other analysts have also recently commented on the company. Oppenheimer reiterated a buy rating and set a $145.00 target price on shares of Mastercard in a research report on Friday, September 8th. Citigroup lifted their target price on Mastercard from $157.00 to $167.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Nomura lifted their target price on Mastercard from $153.00 to $163.00 and gave the stock a buy rating in a research report on Friday, September 8th. Susquehanna Bancshares reiterated a positive rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Finally, Guggenheim upgraded Mastercard from a neutral rating to a buy rating and lifted their target price for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Mastercard has an average rating of Buy and a consensus target price of $159.08.

Mastercard (MA) traded down $0.59 on Wednesday, hitting $149.69. The stock had a trading volume of 3,930,000 shares, compared to its average volume of 3,570,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard has a twelve month low of $99.82 and a twelve month high of $154.65. The firm has a market capitalization of $158,470.00, a PE ratio of 34.91, a P/E/G ratio of 2.00 and a beta of 1.22.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. equities research analysts forecast that Mastercard will post 4.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 20.51%.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 in the last ninety days. 0.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MA. Boys Arnold & Co. Inc. boosted its stake in shares of Mastercard by 7.8% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after acquiring an additional 363 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Mastercard during the 2nd quarter worth approximately $2,351,000. Baldwin Investment Management LLC boosted its stake in shares of Mastercard by 5.9% during the 2nd quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after acquiring an additional 200 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in shares of Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in shares of Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after acquiring an additional 9,397 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Mastercard (NYSE:MA)

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