Shares of Mastercard (NYSE:MA) have received a consensus rating of “Buy” from the thirty-four brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $181.11.
A number of equities analysts have recently weighed in on MA shares. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada lowered shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a research report on Thursday, January 4th. Guggenheim reiterated a “buy” rating and issued a $201.00 price objective on shares of Mastercard in a research report on Friday, February 2nd. Piper Jaffray boosted their price objective on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research report on Monday, January 8th.
In other news, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 3,993 shares of the company’s stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $173.37, for a total transaction of $692,266.41. Following the transaction, the insider now directly owns 5,353 shares of the company’s stock, valued at approximately $928,049.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,571 shares of company stock worth $8,174,328. 0.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Mastercard by 17.7% during the 4th quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock valued at $298,000 after buying an additional 297 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Mastercard by 2.0% during the 4th quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock valued at $2,439,000 after buying an additional 320 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Mastercard by 21.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,845 shares of the credit services provider’s stock valued at $268,000 after buying an additional 322 shares during the last quarter. HPM Partners LLC lifted its stake in Mastercard by 2.3% during the fourth quarter. HPM Partners LLC now owns 14,348 shares of the credit services provider’s stock worth $2,172,000 after purchasing an additional 323 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its stake in Mastercard by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 65,960 shares of the credit services provider’s stock worth $9,984,000 after purchasing an additional 325 shares during the last quarter. 76.05% of the stock is owned by institutional investors.
Shares of NYSE:MA traded down $1.93 on Friday, reaching $177.08. 4,232,997 shares of the company were exchanged, compared to its average volume of 3,826,128. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard has a 1-year low of $114.01 and a 1-year high of $183.73. The stock has a market cap of $186,179.09, a PE ratio of 38.66, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. equities analysts anticipate that Mastercard will post 5.98 earnings per share for the current year.
The company 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 $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is 21.83%.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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