Credit Suisse Group restated their buy rating on shares of Mastercard (NYSE:MA) in a research report released on Monday. Credit Suisse Group currently has a $217.00 price target on the credit services provider’s stock.
A number of other equities research analysts have also recently commented on MA. Zacks Investment Research cut shares of Mastercard from a buy rating to a hold rating in a research note on Tuesday, November 20th. Wells Fargo & Co decreased their target price on shares of Mastercard from $235.00 to $228.00 and set an outperform rating on the stock in a research note on Thursday, January 3rd. Finally, Barclays initiated coverage on shares of Mastercard in a research note on Wednesday, November 14th. They set an overweight rating and a $240.00 target price on the stock. Three research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. Mastercard currently has an average rating of Buy and a consensus target price of $220.20.
Shares of MA traded down $1.10 on Monday, reaching $195.85. The company’s stock had a trading volume of 64,866 shares, compared to its average volume of 4,562,145. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. The company has a market cap of $202.19 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 1.43 and a beta of 1.13. Mastercard has a 12-month low of $156.80 and a 12-month high of $225.35.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. As a group, analysts predict that Mastercard will post 6.44 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 4th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Wednesday, January 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.25. Mastercard’s payout ratio is currently 28.82%.
In other news, Director Richard K. Davis acquired 2,475 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now directly owns 3,468 shares of the company’s stock, valued at $681,011.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total transaction of $960,000.00. Following the transaction, the director now directly owns 40,183 shares of the company’s stock, valued at $7,715,136. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northstar Investment Advisors LLC boosted its stake in shares of Mastercard by 175.7% during the fourth quarter. Northstar Investment Advisors LLC now owns 3,138 shares of the credit services provider’s stock valued at $592,000 after purchasing an additional 2,000 shares during the period. Welch Group LLC boosted its stake in shares of Mastercard by 14.9% during the fourth quarter. Welch Group LLC now owns 1,688 shares of the credit services provider’s stock valued at $318,000 after purchasing an additional 219 shares during the period. CHICAGO TRUST Co NA purchased a new stake in shares of Mastercard during the fourth quarter valued at $254,000. Highwater Wealth Management LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $328,000. Finally, USS Investment Management Ltd boosted its stake in shares of Mastercard by 0.9% during the fourth quarter. USS Investment Management Ltd now owns 1,625,702 shares of the credit services provider’s stock valued at $306,681,000 after purchasing an additional 14,702 shares during the period. 74.53% of the stock is owned by institutional investors.
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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