Shares of Mastercard Incorporated (NYSE:MA – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $421.47.
A number of analysts recently commented on MA shares. The Goldman Sachs Group started coverage on shares of Mastercard in a research note on Tuesday, May 17th. They issued a “buy” rating and a $460.00 target price for the company. Citigroup lowered their target price on shares of Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. Barclays decreased their price objective on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Mizuho decreased their price objective on shares of Mastercard from $435.00 to $375.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $400.00 to $430.00 in a research note on Friday, April 29th.
In other news, insider Raj Seshadri sold 7,000 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $367.68, for a total transaction of $2,573,760.00. Following the completion of the sale, the insider now owns 10,439 shares of the company’s stock, valued at $3,838,211.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $329.93, for a total transaction of $35,080,137.18. Following the sale, the insider now directly owns 104,054,624 shares of the company’s stock, valued at approximately $34,330,742,096.32. The disclosure for this sale can be found here. In the last three months, insiders sold 325,982 shares of company stock valued at $107,912,260. 0.33% of the stock is owned by insiders.
MA stock opened at $318.24 on Friday. The firm has a 50 day moving average of $339.63 and a 200 day moving average of $352.05. The stock has a market capitalization of $309.53 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.95. Mastercard has a 52 week low of $303.65 and a 52 week high of $399.92.
Mastercard (NYSE:MA – Get Rating) last released its earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. Mastercard’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the business earned $1.74 EPS. On average, equities research analysts expect that Mastercard will post 10.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is presently 20.40%.
About Mastercard (Get Rating)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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