Mastercard Incorporated (NYSE:MA) – Analysts at Wedbush boosted their Q1 2018 EPS estimates for Mastercard in a report released on Thursday. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.15. Wedbush has a “Buy” rating and a $140.00 price objective on the stock. Wedbush also issued estimates for Mastercard’s Q3 2018 earnings at $1.39 EPS.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $0.96 EPS. Mastercard’s revenue was up 13.3% on a year-over-year basis.
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MA has been the topic of several other research reports. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays PLC lifted their price target on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Instinet reaffirmed a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Credit Suisse Group raised their price objective on shares of Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $147.71.
Mastercard (NYSE MA) traded up 0.45% during midday trading on Monday, reaching $146.58. The company had a trading volume of 1,045,246 shares. The company has a market capitalization of $156.09 billion, a P/E ratio of 36.37 and a beta of 1.18. Mastercard has a 52-week low of $99.51 and a 52-week high of $148.45. The company’s 50 day moving average is $140.23 and its 200-day moving average is $126.67.
Several hedge funds have recently added to or reduced their stakes in the stock. Intl Fcstone Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at $1,873,000. USA Financial Portformulas Corp lifted its stake in shares of Mastercard by 945.0% in the 2nd quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock valued at $3,232,000 after purchasing an additional 24,068 shares during the last quarter. Farmers National Bank lifted its stake in shares of Mastercard by 7.2% in the 2nd quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock valued at $1,614,000 after purchasing an additional 889 shares during the last quarter. Kimelman & Baird LLC lifted its stake in shares of Mastercard by 0.7% in the 2nd quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock valued at $13,357,000 after purchasing an additional 765 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its stake in shares of Mastercard by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock valued at $9,202,000 after purchasing an additional 736 shares during the last quarter. 76.01% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 729,438 shares of company stock valued at $94,599,309. 0.30% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is presently 21.78%.
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.
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