MasterCard Inc. (MA) Stock Rating Lowered by Vetr Inc.
MasterCard Inc. (NYSE:MA) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $105.86 price objective on the stock. Vetr‘s price target would indicate a potential upside of 3.91% from the company’s previous close.
A number of other brokerages have also recently commented on MA. Jefferies Group restated a “buy” rating on shares of MasterCard in a research note on Friday, August 12th. Nomura upped their price target on shares of MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Barclays PLC upped their price target on shares of MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. restated an “overweight” rating and set a $108.00 price target on shares of MasterCard in a research note on Monday, June 6th. Finally, Pacific Crest set a $110.00 price target on shares of MasterCard and gave the company a “buy” rating in a research note on Wednesday, September 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $109.71.
MasterCard (NYSE:MA) traded up 0.11% during midday trading on Monday, hitting $101.88. 3,696,666 shares of the stock were exchanged. MasterCard has a 1-year low of $78.52 and a 1-year high of $102.38. The firm’s 50-day moving average price is $98.60 and its 200 day moving average price is $95.52. The firm has a market capitalization of $111.84 billion, a P/E ratio of 29.89 and a beta of 1.18.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. MasterCard’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Analysts expect that MasterCard will post $3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be given a $0.19 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. MasterCard’s dividend payout ratio is 22.35%.
In related news, major shareholder Foundation Mastercard sold 56,016 shares of MasterCard stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the completion of the transaction, the insider now directly owns 114,644,971 shares of the company’s stock, valued at approximately $11,066,679,050.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Reeg sold 6,000 shares of MasterCard stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total transaction of $568,740.00. Following the transaction, the insider now directly owns 53,501 shares of the company’s stock, valued at $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC acquired a new position in shares of MasterCard during the second quarter worth about $109,000. Feltz Wealth PLAN Inc. acquired a new position in shares of MasterCard during the second quarter worth about $121,000. Hanson McClain Inc. boosted its position in shares of MasterCard by 11.0% in the second quarter. Hanson McClain Inc. now owns 1,409 shares of the company’s stock worth $124,000 after buying an additional 140 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of MasterCard during the second quarter worth about $125,000. 75.12% of the stock is owned by 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.
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