Mastercard Incorporated (NYSE:MA) – Equities research analysts at Jefferies Group increased their Q3 2017 EPS estimates for Mastercard in a research note issued to investors on Tuesday. Jefferies Group analyst R. El-Assal now anticipates that the credit services provider will post earnings per share of $1.23 for the quarter, up from their previous estimate of $1.22. Jefferies Group has a “Buy” rating and a $147.00 price target on the stock. Jefferies Group also issued estimates for Mastercard’s Q4 2017 earnings at $1.12 EPS and FY2017 earnings at $4.44 EPS.
MA has been the subject of a number of other research reports. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the company from $135.00 to $153.00 in a research report on Monday, September 11th. Mizuho reissued a “hold” rating and set a $140.00 price target on shares of Mastercard in a research report on Thursday, October 12th. BMO Capital Markets raised their target price on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC raised their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $146.81.
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Shares of Mastercard (NYSE MA) opened at 145.93 on Wednesday. The company has a market capitalization of $155.40 billion, a price-to-earnings ratio of 36.21 and a beta of 1.18. The company has a 50-day moving average price of $140.23 and a 200-day moving average price of $126.67. Mastercard has a 12 month low of $99.51 and a 12 month high of $148.45.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 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 business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year.
The company 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 dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $129.46, for a total transaction of $11,343,026.28. Following the transaction, the insider now owns 112,561,445 shares in the company, valued at approximately $14,572,204,669.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 729,438 shares of company stock valued at $94,599,309. 0.30% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. increased its stake in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter valued at approximately $100,000. Proficio Capital Partners LLC increased its stake in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares in the last quarter. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter valued at approximately $101,000. Finally, Chicago Partners Investment Group LLC increased its stake in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Institutional investors and hedge funds own 76.01% 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, 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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