Mastercard (NYSE:MA) had its price target boosted by Royal Bank of Canada to $209.00 in a research report report published on Friday, February 2nd. They currently have an outperform rating on the credit services provider’s stock.
MA has been the subject of a number of other research reports. Zacks Investment Research downgraded Mastercard from a buy rating to a hold rating in a report on Wednesday, January 3rd. Mizuho raised Mastercard from a neutral rating to a buy rating in a report on Thursday, January 4th. Citigroup increased their target price on Mastercard from $157.00 to $167.00 and gave the stock a buy rating in a report on Wednesday, October 18th. SunTrust Banks increased their target price on Mastercard to $180.00 and gave the stock a buy rating in a report on Wednesday, November 1st. Finally, Sanford C. Bernstein reaffirmed a buy rating and set a $180.00 target price (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $176.64.
Mastercard (NYSE MA) traded up $0.59 during midday trading on Friday, reaching $168.78. The company had a trading volume of 434,673 shares, compared to its average volume of 3,960,600. Mastercard has a 1 year low of $107.76 and a 1 year high of $177.11. The stock has a market capitalization of $178,060.00, a P/E ratio of 46.13, a PEG ratio of 1.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. sell-side analysts predict that Mastercard will post 5.88 EPS for the current fiscal year.
Mastercard declared that its board has authorized a stock buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
In other 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 value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MA. Community Bank N.A. boosted its holdings in Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the third quarter valued at approximately $102,000. Thompson Davis & CO. Inc. boosted its holdings in Mastercard by 170.1% during the second 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. Wealthcare Advisory Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $106,000. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% in 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 in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
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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.
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