Vetr upgraded shares of MasterCard Inc. (NYSE:MA) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $111.32 price objective on the stock.
Several other equities research analysts have also recently commented on MA. BMO Capital Markets reissued a buy rating on shares of MasterCard in a research note on Monday, July 11th. Barclays PLC lifted their target price on MasterCard from $103.00 to $107.00 and gave the company an overweight rating in a research note on Friday, July 29th. Robert W. Baird reissued a buy rating on shares of MasterCard in a research note on Wednesday, June 15th. JPMorgan Chase & Co. lifted their target price on MasterCard from $108.00 to $110.00 and gave the company an overweight rating in a research note on Friday, July 29th. Finally, Nomura lifted their target price on MasterCard from $109.00 to $113.00 and gave the company a buy rating in a research note on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. MasterCard has an average rating of Buy and a consensus price target of $109.90.
Shares of MasterCard (NYSE:MA) opened at 100.88 on Tuesday. The stock’s 50 day moving average price is $100.15 and its 200 day moving average price is $96.07. The stock has a market capitalization of $110.74 billion, a P/E ratio of 29.59 and a beta of 1.19. MasterCard has a one year low of $78.52 and a one year high of $103.49.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts forecast that MasterCard will post $3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
In other MasterCard news, insider Robert Reeg sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $94.79, for a total transaction of $568,740.00. Following the transaction, the insider now owns 53,501 shares of the company’s stock, valued at $5,071,359.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $92.64, for a total value of $7,781,760.00. Following the transaction, the insider now directly owns 115,064,971 shares in the company, valued at approximately $10,659,618,913.44. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in MasterCard during the first quarter valued at approximately $106,000. Lowe fs LLC increased its position in MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock valued at $114,000 after buying an additional 100 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in MasterCard during the second quarter valued at approximately $109,000. Hanson McClain Inc. increased its position in MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock valued at $124,000 after buying an additional 140 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in MasterCard during the second quarter valued at approximately $125,000. 75.13% of the stock is currently owned by hedge funds and other institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
To view Vetr’s full report, visit Vetr’s official website.
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