Vetr Lowers Mastercard (MA) to Sell

Vetr cut shares of Mastercard (NYSE:MA) from a hold rating to a sell rating in a research report released on Wednesday. Vetr currently has $158.70 price target on the credit services provider’s stock.

MA has been the topic of a number of other reports. Cowen reiterated a buy rating and issued a $171.00 price target on shares of Mastercard in a report on Friday, January 12th. Wells Fargo & Co reiterated an outperform rating and issued a $178.00 price target (up from $167.00) on shares of Mastercard in a report on Tuesday, January 9th. Cantor Fitzgerald initiated coverage on Mastercard in a report on Thursday, September 28th. They issued an overweight rating and a $165.00 price target on the stock. Barclays reiterated a buy rating and issued a $170.00 price target on shares of Mastercard in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded Mastercard from a hold rating to a buy rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. Mastercard has an average rating of Buy and an average target price of $162.22.

Mastercard (MA) opened at $166.83 on Wednesday. The company has a market capitalization of $175,187.38, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Mastercard has a fifty-two week low of $104.01 and a fifty-two week high of $166.95. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. equities analysts predict that Mastercard will post 4.55 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a stock buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.60%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s payout ratio is 23.26%.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. First Interstate Bank lifted its holdings in shares of Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after buying an additional 23 shares during the period. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in shares of Mastercard by 1.8% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock valued at $295,000 after buying an additional 44 shares during the period. American Asset Management Inc. lifted its holdings in shares of Mastercard by 2.4% in the 2nd quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after buying an additional 50 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of Mastercard by 1.2% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 5,067 shares of the credit services provider’s stock valued at $615,000 after buying an additional 60 shares during the period. 75.61% of the stock is owned by institutional investors.

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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.

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

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