Shares of Mastercard Incorporated (NYSE:MA) have received an average recommendation of “Buy” from the thirty-four ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty-one have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $177.86.
A number of equities research analysts have issued reports on the company. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective on the stock in a research report on Thursday, January 11th. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday. Sanford C. Bernstein restated a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.
Shares of Mastercard (NYSE:MA) opened at $160.62 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66. The company has a market capitalization of $178,628.03, a PE ratio of 44.01, a P/E/G ratio of 1.57 and a beta of 1.26. Mastercard has a 52-week low of $106.50 and a 52-week high of $177.11.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. analysts anticipate that Mastercard will post 5.88 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on 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 owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Community Bank N.A. boosted its position in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 365 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Mastercard during the 3rd quarter valued at $102,000. Wealthcare Advisory Partners LLC bought a new stake in Mastercard during the 3rd quarter valued at $106,000. Thompson Davis & CO. Inc. boosted its position 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 acquiring an additional 546 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in Mastercard during the 4th quarter valued at $133,000. 75.79% of the stock is currently owned by institutional investors.
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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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