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.
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.
Featured Article: Why do corrections happen?
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.