MasterCard Inc. (MA) Stock Rating Upgraded by Vetr Inc.
MasterCard Inc. (NYSE:MA) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $107.89 price target on the stock. Vetr‘s target price points to a potential upside of 3.92% from the company’s previous close.
A number of other brokerages also recently weighed in on MA. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a report on Friday, August 12th. Nomura boosted their price target on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Barclays PLC boosted their price target on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, November 24th. Finally, Pacific Crest set a $110.00 price objective on MasterCard and gave the company a “buy” rating in a research report on Wednesday, September 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $110.88.
MasterCard (NYSE:MA) opened at 103.82 on Monday. MasterCard has a 52-week low of $78.52 and a 52-week high of $108.93. The firm has a 50-day moving average price of $103.70 and a 200 day moving average price of $97.82. The stock has a market cap of $113.12 billion, a PE ratio of 28.70 and a beta of 1.22.
MasterCard (NYSE:MA) last issued its quarterly earnings results 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. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The business earned $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts anticipate that MasterCard will post $3.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th were paid a $0.19 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.73%. MasterCard’s dividend payout ratio (DPR) is currently 20.99%.
In other MasterCard news, insider Craig Vosburg sold 15,760 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $107.25, for a total value of $1,690,260.00. Following the transaction, the insider now owns 39,837 shares in the company, valued at $4,272,518.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total value 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. 3.14% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC increased its stake in MasterCard by 3.6% in the second quarter. Capital Asset Advisory Services LLC now owns 5,088 shares of the company’s stock valued at $448,000 after buying an additional 178 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in MasterCard by 20.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,410 shares of the company’s stock valued at $300,000 after buying an additional 568 shares during the period. Capital Insight Partners LLC increased its stake in MasterCard by 0.6% in the second quarter. Capital Insight Partners LLC now owns 18,978 shares of the company’s stock valued at $1,671,000 after buying an additional 119 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in MasterCard by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 868,922 shares of the company’s stock valued at $76,517,000 after buying an additional 2,939 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its stake in MasterCard by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 251,292 shares of the company’s stock valued at $22,129,000 after buying an additional 12,556 shares during the period. Institutional investors own 74.44% 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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