Mastercard Incorporated (MA) Downgraded by Vetr Inc.

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.

This story was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at http://sleekmoney.com/mastercard-incorporated-ma-downgraded-by-vetr-inc/1661431.html.

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.

5 Day Chart for NYSE:MA

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

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/mastercard-incorporated-ma-downgraded-by-vetr-inc/1661431.html

Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *