Mastercard Incorporated (NYSE:MA) had its price objective boosted by J P Morgan Chase & Co from $152.00 to $160.00 in a research note issued to investors on Wednesday. J P Morgan Chase & Co currently has an overweight rating on the credit services provider’s stock.
MA has been the subject of a number of other reports. Wedbush reaffirmed a buy rating and issued a $140.00 price target (up from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. Susquehanna Bancshares Inc reaffirmed a positive rating and issued a $158.00 price target (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays PLC upped their price target on Mastercard from $142.00 to $148.00 and gave the company an overweight rating in a research note on Friday, September 8th. Citigroup Inc. upped their price target on Mastercard from $157.00 to $167.00 and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Instinet reaffirmed a buy rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $156.34.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is presently 20.47%.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total value of $11,333,158.82. Following the sale, the insider now directly owns 112,240,179 shares of the company’s stock, valued at approximately $14,517,144,751.86. The disclosure for this sale can be found here. In the last three months, insiders sold 171,035 shares of company stock valued at $22,502,109. 0.30% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in MA. American Beacon Advisors Inc. acquired a new stake in Mastercard during the 1st quarter valued at $100,000. Lipe & Dalton acquired a new stake in Mastercard during the 1st quarter valued at $101,000. Chicago Partners Investment Group LLC lifted its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. 76.09% of the stock is owned by institutional investors and hedge funds.
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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