Mastercard Inc (NYSE:MA) Given Average Rating of “Buy” by Brokerages

Shares of Mastercard Inc (NYSE:MA) have earned a consensus rating of “Buy” from the thirty-one research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $327.24.

A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Morgan Stanley boosted their price objective on shares of Mastercard from $286.00 to $311.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $370.00 target price on shares of Mastercard in a report on Thursday, June 25th. Oppenheimer downgraded shares of Mastercard from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Finally, UBS Group dropped their target price on shares of Mastercard from $345.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 1st.

MA traded up $2.30 during mid-day trading on Tuesday, reaching $295.23. 203,391 shares of the company traded hands, compared to its average volume of 4,108,887. The stock has a market capitalization of $290.42 billion, a P/E ratio of 37.64, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. The company’s fifty day moving average price is $296.41 and its 200-day moving average price is $291.00. Mastercard has a 52-week low of $199.99 and a 52-week high of $347.25.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard will post 6.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 8th. Mastercard’s dividend payout ratio is 20.59%.

In other news, Vice Chairman Ann Cairns sold 40,115 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the sale, the insider now directly owns 107,377 shares in the company, valued at approximately $32,490,132.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julius Genachowski sold 2,009 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the sale, the director now owns 7,346 shares in the company, valued at $2,070,029.34. The disclosure for this sale can be found here. Insiders have sold a total of 321,034 shares of company stock worth $96,275,149 over the last 90 days. Corporate insiders own 3.79% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MA. 1776 Wealth LLC purchased a new stake in Mastercard in the 1st quarter worth about $28,000. Pacific Center for Financial Services increased its position in shares of Mastercard by 582.4% during the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 99 shares during the period. Sound Income Strategies LLC increased its position in shares of Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 55 shares during the period. Wealth Quarterback LLC purchased a new position in shares of Mastercard during the fourth quarter worth approximately $33,000. Finally, Lion Street Advisors LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $39,000. 73.95% of the stock is currently owned by institutional investors.

About Mastercard

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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Analyst Recommendations for Mastercard (NYSE:MA)

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