Mastercard Inc (MA) Upgraded by Vetr Inc. to “Buy”
Mastercard Inc (NYSE:MA) was upgraded by Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $108.31 price objective on the stock. Vetr‘s price target would indicate a potential upside of 7.09% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Guggenheim downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. Robert W. Baird restated an “outperform” rating and set a $124.00 price objective (up from $120.00) on shares of Mastercard in a research note on Monday, October 31st. Deutsche Bank AG restated a “buy” rating on shares of Mastercard in a research note on Monday, October 31st. RBC Capital Markets restated an “outperform” rating and set a $115.00 price objective (up from $112.00) on shares of Mastercard in a research note on Monday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of Mastercard from $114.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, October 31st. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $110.78.
Mastercard (NYSE:MA) opened at 101.14 on Tuesday. Mastercard has a 1-year low of $78.52 and a 1-year high of $108.93. The company has a market capitalization of $110.20 billion, a price-to-earnings ratio of 27.96 and a beta of 1.22. The stock has a 50 day moving average price of $102.93 and a 200-day moving average price of $97.30.
Mastercard (NYSE:MA) last released its earnings results on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. The firm earned $2.88 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mastercard had a return on equity of 69.11% and a net margin of 38.11%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities analysts predict that Mastercard will post $3.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.75%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.
In related news, major shareholder Foundation Mastercard sold 72,624 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $103.94, for a total value of $7,548,538.56. Following the transaction, the insider now owns 114,302,251 shares in the company, valued at $11,880,575,968.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total transaction of $508,900.00. Following the completion of the transaction, the director now owns 52,423 shares in the company, valued at approximately $5,335,612.94. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Lowe fs LLC raised 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 about $109,000. TLP Group LLC purchased a new position in Mastercard during the third quarter valued at about $128,000. Hanson McClain Inc. raised 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 about $125,000. Institutional investors and hedge funds own 75.18% of the company’s stock.
Mastercard Company Profile
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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