MasterCard Inc. (NYSE:MA) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $111.32 price objective on the stock. Vetr‘s target price would suggest a potential upside of 9.84% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research note on Thursday, August 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 price target on shares of MasterCard in a research note on Saturday, July 2nd. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Wednesday, September 28th. Robert W. Baird reissued an “outperform” rating and issued a $115.00 price target on shares of MasterCard in a research note on Monday, July 25th. Finally, Barclays PLC lowered their target price on shares of MasterCard from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. MasterCard has an average rating of “Buy” and an average price target of $109.90.

Analyst Recommendations for MasterCard (NYSE:MA)

Shares of MasterCard (NYSE:MA) traded down 1.27% during midday trading on Tuesday, hitting $101.35. 3,412,894 shares of the stock traded hands. The company’s 50 day moving average price is $99.71 and its 200-day moving average price is $95.93. The stock has a market cap of $111.26 billion, a price-to-earnings ratio of 29.73 and a beta of 1.18. MasterCard has a 12-month low of $78.52 and a 12-month high of $103.49.

MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.59 billion. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts expect 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. Investors of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is 22.35%.

In related news, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the transaction, the insider now directly owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ann Cairns sold 26,630 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $101.79, for a total value of $2,710,667.70. Following the completion of the transaction, the insider now directly owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in MA. Vanguard Group Inc. increased its stake in MasterCard by 0.7% in the second quarter. Vanguard Group Inc. now owns 59,998,942 shares of the company’s stock valued at $5,283,508,000 after buying an additional 391,517 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in MasterCard by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 26,182,774 shares of the company’s stock valued at $2,305,655,000 after buying an additional 620,093 shares during the last quarter. BlackRock Fund Advisors increased its stake in MasterCard by 0.4% in the second quarter. BlackRock Fund Advisors now owns 12,865,359 shares of the company’s stock valued at $1,132,924,000 after buying an additional 57,200 shares during the last quarter. BlackRock Group LTD increased its stake in MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock valued at $883,352,000 after buying an additional 977,812 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MasterCard by 6.1% in the first quarter. Geode Capital Management LLC now owns 8,575,951 shares of the company’s stock valued at $808,899,000 after buying an additional 492,230 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

About MasterCard

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.

5 Day Chart for NYSE:MA

Receive News & Stock Ratings for MasterCard Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCard Inc. and related stocks with our FREE daily email newsletter.