Mastercard (MA) Lowered to Sell at Vetr

Vetr lowered shares of Mastercard (NYSE:MA) from a hold rating to a sell rating in a report released on Wednesday. Vetr currently has $158.70 price target on the credit services provider’s stock.

Several other research analysts have also weighed in on the stock. Mizuho raised shares of Mastercard from a neutral rating to a buy rating in a report on Thursday, January 4th. Citigroup raised their price objective on shares of Mastercard from $157.00 to $167.00 and gave the stock a buy rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Mastercard from a buy rating to a hold rating in a report on Wednesday, November 8th. SunTrust Banks lifted their price target on shares of Mastercard to $180.00 and gave the company a buy rating in a report on Wednesday, November 1st. Finally, Wells Fargo & Co raised shares of Mastercard from a market perform rating to an outperform rating and lifted their price target for the company from $130.00 to $160.00 in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $162.22.

Mastercard (NYSE:MA) opened at $166.83 on Wednesday. The firm has a market cap of $176,616.58, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard has a fifty-two week low of $104.01 and a fifty-two week high of $166.95.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. sell-side analysts predict that Mastercard will post 4.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 23.26%.

Mastercard announced that its Board of Directors has authorized a stock buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

A number of large investors have recently modified their holdings of MA. Proficio Capital Partners LLC raised its position in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares in the last quarter. First Interstate Bank raised its position in shares of Mastercard by 1.4% during the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after buying an additional 23 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in shares of Mastercard by 1.8% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock worth $295,000 after buying an additional 44 shares in the last quarter. American Asset Management Inc. raised its position in shares of Mastercard by 2.4% during the 2nd quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock worth $255,000 after buying an additional 50 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in shares of Mastercard by 1.2% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 5,067 shares of the credit services provider’s stock worth $615,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Mastercard (NYSE:MA)

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