Equities research analysts at Loop Capital began coverage on shares of Mastercard Incorporated (NYSE:MA) in a note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
Several other analysts have also weighed in on MA. Barclays PLC restated an “overweight” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Mastercard in a report on Friday, October 21st. Vetr downgraded Mastercard from a “buy” rating to a “hold” rating and set a $106.63 target price for the company. in a report on Monday, December 5th. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Monday, December 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $124.00 target price (up from $120.00) on shares of Mastercard in a report on Monday, October 31st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $115.00 target price (up from $112.00) on shares of Mastercard in a report on Monday, October 31st. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $115.19.
Mastercard (NYSE:MA) traded up 0.55% during midday trading on Tuesday, hitting $108.88. 2,336,121 shares of the stock were exchanged. Mastercard has a one year low of $84.59 and a one year high of $111.07. The firm has a 50-day moving average price of $107.32 and a 200-day moving average price of $102.58. The stock has a market cap of $117.70 billion, a P/E ratio of 29.51 and a beta of 1.26.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The business earned $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts anticipate that Mastercard will post $4.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.81%. Mastercard’s dividend payout ratio is currently 23.85%.
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In related news, major shareholder Foundation Mastercard sold 136,690 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $107.62, for a total transaction of $14,710,577.80. Following the completion of the transaction, the insider now owns 112,834,232 shares in the company, valued at approximately $12,143,220,047.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Reeg sold 6,487 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $105.17, for a total value of $682,237.79. Following the transaction, the insider now owns 41,014 shares of the company’s stock, valued at approximately $4,313,442.38. The disclosure for this sale can be found here. Insiders sold a total of 1,559,805 shares of company stock valued at $167,837,621 in the last quarter. Corporate insiders own 3.14% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. GLG LLC increased its position in Mastercard by 6.8% in the fourth quarter. GLG LLC now owns 59,241 shares of the company’s stock valued at $6,117,000 after buying an additional 3,766 shares during the period. Sciencast Management LP acquired a new stake in Mastercard during the fourth quarter worth $713,000. GLG Partners LP boosted its stake in Mastercard by 31.7% in the fourth quarter. GLG Partners LP now owns 49,768 shares of the company’s stock worth $5,139,000 after buying an additional 11,979 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Mastercard by 31.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 373,516 shares of the company’s stock worth $38,566,000 after buying an additional 89,171 shares in the last quarter. Finally, Pacific Global Investment Management CO boosted its stake in Mastercard by 19.2% in the fourth quarter. Pacific Global Investment Management CO now owns 17,409 shares of the company’s stock worth $1,797,000 after buying an additional 2,807 shares in the last quarter. Institutional investors and hedge funds own 75.53% 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.
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