Mastercard Incorporated (MA) Now Covered by Buckingham Research
Research analysts at Buckingham Research started coverage on shares of Mastercard Incorporated (NYSE:MA) in a research report issued on Monday. The firm set a “buy” rating and a $163.00 price target on the credit services provider’s stock. Buckingham Research’s target price suggests a potential upside of 13.97% from the stock’s previous close.
A number of other equities analysts have also recently commented on MA. Instinet reaffirmed a “buy” rating and issued a $163.00 target price (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Wedbush reiterated an “outperform” rating and set a $129.00 price target (up previously from $126.00) on shares of Mastercard in a research note on Tuesday, June 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average target price of $143.08.
Mastercard (NYSE:MA) opened at 143.02 on Monday. Mastercard has a one year low of $99.51 and a one year high of $143.59. The company’s 50 day moving average is $137.09 and its 200 day moving average is $124.74. The stock has a market cap of $152.30 billion, a PE ratio of 35.49 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts expect that Mastercard will post $4.44 EPS for the current year.
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In related news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the completion of the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 869,668 shares of company stock valued at $112,301,656. Company insiders own 0.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after purchasing an additional 2,654,308 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after purchasing an additional 1,677,737 shares in the last quarter. Institutional investors own 76.05% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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