MasterCard Inc. (NYSE:MA) Given Average Rating of “Buy” by Analysts
Shares of MasterCard Inc. (NYSE:MA) have been given a consensus rating of “Buy” by the thirty-two brokerages that are currently covering the company. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $109.70.
Several equities analysts have recently weighed in on MA shares. Vetr raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 price objective on the stock in a research report on Monday, June 13th. Wells Fargo & Co. reissued a “market perform” rating and issued a $105.00 price objective on shares of MasterCard in a research report on Wednesday, June 15th. Robert W. Baird reissued a “buy” rating on shares of MasterCard in a research report on Wednesday, June 15th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 price objective on shares of MasterCard in a research report on Saturday, July 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of MasterCard in a research report on Tuesday, July 5th.
MasterCard (NYSE:MA) opened at 101.22 on Friday. The company has a market capitalization of $111.11 billion, a P/E ratio of 29.69 and a beta of 1.18. MasterCard has a one year low of $78.52 and a one year high of $102.38. The company’s 50-day moving average is $98.73 and its 200 day moving average is $95.58.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts predict that MasterCard will post $3.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. MasterCard’s dividend payout ratio is currently 22.35%.
In related news, CFO Martina Hundmejean sold 94,345 shares of MasterCard stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the completion of the sale, the chief financial officer now owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert Reeg sold 6,000 shares of MasterCard stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total transaction of $568,740.00. Following the completion of the sale, the insider now directly owns 53,501 shares of the company’s stock, valued at approximately $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of MA. RPg Family Wealth Advisory LLC purchased a new position in MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC purchased a new position in MasterCard during the second quarter worth about $109,000. Feltz Wealth PLAN Inc. purchased a new position in MasterCard during the second quarter worth about $121,000. 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 worth $124,000 after buying an additional 140 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in MasterCard during the second quarter worth about $125,000. 75.12% of the stock is owned by institutional investors and hedge funds.
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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