MasterCard Inc. (MA) Downgraded by Vetr Inc. to Hold
Vetr cut shares of MasterCard Inc. (NYSE:MA) from a buy rating to a hold rating in a research note published on Monday morning. The brokerage currently has $108.31 target price on the stock.
A number of other equities analysts have also weighed in on MA. Barclays PLC reiterated an overweight rating and set a $120.00 price objective (up previously from $110.00) on shares of MasterCard in a research note on Friday, October 21st. Robert W. Baird restated an outperform rating and issued a $124.00 price target (up previously from $120.00) on shares of MasterCard in a research note on Monday, October 31st. RBC Capital Markets restated an outperform rating and issued a $115.00 price target (up previously from $112.00) on shares of MasterCard in a research note on Monday, October 31st. Royal Bank Of Canada lifted their price target on MasterCard from $112.00 to $115.00 and gave the company an outperform rating in a research note on Monday, October 31st. Finally, Guggenheim lowered MasterCard from a buy rating to a neutral rating in a research note on Tuesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $110.90.
MasterCard (NYSE:MA) opened at 105.94 on Monday. The stock has a 50 day moving average price of $103.35 and a 200-day moving average price of $97.57. The company has a market cap of $115.43 billion, a price-to-earnings ratio of 29.29 and a beta of 1.22. MasterCard has a 1-year low of $78.52 and a 1-year high of $108.93.
MasterCard (NYSE:MA) last released its quarterly earnings data on Friday, October 28th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The business earned $2.88 billion during the quarter, compared to analyst estimates 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 last year, the business posted $0.91 EPS. On average, equities research analysts forecast that MasterCard will post $3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. MasterCard’s dividend payout ratio (DPR) is currently 20.99%.
In related news, major shareholder Foundation Mastercard sold 48,424 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $104.98, for a total transaction of $5,083,551.52. Following the sale, the insider now owns 114,157,003 shares in the company, valued at $11,984,202,174.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann Cairns sold 26,630 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the sale, the insider now owns 58,721 shares in the company, valued at approximately $5,977,210.59. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Lowe fs LLC raised its stake in shares of MasterCard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the period. Seven Bridges Advisors LLC bought a new position in shares of MasterCard during the second quarter worth $109,000. TLP Group LLC bought a new position in shares of MasterCard during the third quarter worth $128,000. Hanson McClain Inc. raised 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 bought a new position in shares of MasterCard during the second quarter worth $125,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.
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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