Vetr lowered shares of Mastercard Incorporated (NYSE:MA) from a strong-buy rating to a buy rating in a report published on Tuesday. The firm currently has $121.89 price target on the stock.
Other equities analysts have also issued research reports about the company. Loop Capital started coverage on Mastercard in a research report on Tuesday. They issued a buy rating for the company. RBC Capital Markets reaffirmed an outperform rating and issued a $115.00 price target (up previously from $112.00) on shares of Mastercard in a research report on Monday, October 31st. Zacks Investment Research raised Mastercard from a hold rating to a buy rating and set a $116.00 price target for the company in a research report on Wednesday, December 7th. Royal Bank Of Canada lowered their price target on Mastercard from $130.00 to $125.00 and set a top pick rating for the company in a research report on Wednesday, February 1st. Finally, Barclays PLC reaffirmed an overweight rating and issued a $125.00 price target on shares of Mastercard in a research report on Monday, January 30th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Mastercard presently has an average rating of Buy and an average target price of $115.14.
Mastercard (NYSE:MA) traded up 0.55% during trading on Tuesday, reaching $108.88. 2,336,826 shares of the company traded hands. The firm has a market capitalization of $117.70 billion, a price-to-earnings ratio of 29.51 and a beta of 1.26. The company’s 50-day moving average price is $107.37 and its 200 day moving average price is $102.68. Mastercard has a 52 week low of $84.59 and a 52 week high of $111.07.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, beating the 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 for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that Mastercard will post $4.26 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be given a dividend of $0.22 per share. 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 payout ratio is currently 23.85%.
In other news, insider Ann Cairns sold 58,420 shares of Mastercard stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $110.00, for a total transaction of $6,426,200.00. Following the transaction, the insider now directly owns 90,511 shares of the company’s stock, valued at approximately $9,956,210. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 48,424 shares of Mastercard stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $104.98, for a total value of $5,083,551.52. Following the transaction, the insider now directly owns 114,157,003 shares in the company, valued at $11,984,202,174.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,559,805 shares of company stock worth $167,837,621. Insiders own 3.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MA. Lowe fs LLC boosted its position in Mastercard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. First Bank & Trust bought a new position in Mastercard during the fourth quarter worth $117,000. Hanson McClain Inc. boosted its position in Mastercard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the last quarter. TLP Group LLC bought a new position in Mastercard during the third quarter worth $128,000. Finally, Fusion Family Wealth LLC bought a new position in Mastercard during the fourth quarter worth $130,000. 75.53% of the stock is currently owned by hedge funds and other 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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