Mastercard Inc (MA) Receives $116.54 Consensus Target Price from Brokerages
Shares of Mastercard Inc (NYSE:MA) have been assigned a consensus rating of “Buy” from the twenty-eight brokerages that are currently covering the stock. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.54.
Several analysts have commented on MA shares. Barclays PLC lowered their target price on shares of Mastercard to $124.00 in a research note on Wednesday, February 1st. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Wednesday, December 7th. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $107.89 target price for the company in a research note on Monday, November 28th. Bank of America Corp raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, December 15th. Finally, Loop Capital started coverage on shares of Mastercard in a research note on Tuesday, February 14th. They issued a “buy” rating and a $119.00 target price for the company.
Shares of Mastercard (NYSE:MA) opened at 112.41 on Tuesday. The stock has a 50 day moving average price of $109.57 and a 200 day moving average price of $105.02. Mastercard has a 52 week low of $86.65 and a 52 week high of $113.50. The firm has a market capitalization of $121.17 billion, a PE ratio of 30.46 and a beta of 1.26.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The firm earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. Mastercard’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. Equities analysts forecast that Mastercard will post $4.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Mastercard’s dividend payout ratio (DPR) is 23.85%.
In other Mastercard news, major shareholder Foundation Mastercard sold 205,035 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $109.50, for a total value of $22,451,332.50. Following the transaction, the insider now owns 113,859,407 shares in the company, valued at approximately $12,467,605,066.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ann Cairns sold 6,950 shares of the business’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $110.00, for a total transaction of $764,500.00. Following the completion of the transaction, the insider now owns 39,041 shares in the company, valued at approximately $4,294,510. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,439,520 shares of company stock valued at $155,339,186. 3.14% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Homrich & Berg raised its position in shares of Mastercard by 0.3% in the third quarter. Homrich & Berg now owns 2,558 shares of the company’s stock worth $260,000 after buying an additional 8 shares in the last quarter. Alpha Windward LLC raised its position in shares of Mastercard by 1.0% in the third quarter. Alpha Windward LLC now owns 1,550 shares of the company’s stock worth $158,000 after buying an additional 15 shares in the last quarter. Rothschild Investment Corp IL raised its position in shares of Mastercard by 0.6% in the third quarter. Rothschild Investment Corp IL now owns 4,999 shares of the company’s stock worth $509,000 after buying an additional 29 shares in the last quarter. First National Trust Co. raised its position in shares of Mastercard by 0.6% in the third quarter. First National Trust Co. now owns 5,908 shares of the company’s stock worth $602,000 after buying an additional 36 shares in the last quarter. Finally, Reinhart Partners Inc. raised its position in shares of Mastercard by 1.8% in the third quarter. Reinhart Partners Inc. now owns 2,760 shares of the company’s stock worth $281,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.
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Mastercard Company Profile
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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