Pacific Crest Analysts Give MasterCard Inc. (MA) a $110.00 Price Target
MA has been the subject of several other reports. Vetr upgraded shares of MasterCard from a hold rating to a buy rating and set a $98.52 target price for the company in a report on Thursday, May 19th. Goldman Sachs Group Inc. reiterated a buy rating on shares of MasterCard in a report on Tuesday, May 31st. JPMorgan Chase & Co. reiterated an overweight rating and issued a $108.00 target price on shares of MasterCard in a report on Monday, June 6th. Wells Fargo & Co. reiterated a market perform rating and issued a $105.00 target price on shares of MasterCard in a report on Wednesday, June 15th. Finally, Robert W. Baird reiterated a buy rating on shares of MasterCard in a report on Wednesday, June 15th. Seven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. MasterCard presently has an average rating of Buy and an average price target of $109.15.
MasterCard (NYSE:MA) opened at 99.36 on Wednesday. The company’s 50-day moving average is $96.54 and its 200 day moving average is $94.31. MasterCard has a 12 month low of $78.52 and a 12 month high of $101.76. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 29.15 and a beta of 1.15.
MasterCard (NYSE:MA) last announced its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. MasterCard’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities research analysts predict that MasterCard will post $3.63 earnings per share for the current year.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the sale, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at approximately $20,813,201.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of MasterCard by 2.2% in the first quarter. Legal & General Group Plc now owns 4,178,642 shares of the company’s stock valued at $394,829,000 after buying an additional 88,996 shares in the last quarter. First Quadrant L P CA boosted its stake in shares of MasterCard by 4.5% in the second quarter. First Quadrant L P CA now owns 128,980 shares of the company’s stock valued at $11,358,000 after buying an additional 5,600 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of MasterCard by 8.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,485,510 shares of the company’s stock valued at $140,381,000 after buying an additional 115,900 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of MasterCard by 27.5% in the first quarter. Panagora Asset Management Inc. now owns 371,338 shares of the company’s stock valued at $35,091,000 after buying an additional 80,027 shares in the last quarter. Finally, Boys Arnold & Co. Inc. purchased a new stake in shares of MasterCard during the second quarter valued at $413,000. 75.25% of the stock is owned by hedge funds and other institutional investors.
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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