Mastercard Incorporated (NYSE:MA) – Analysts at Cantor Fitzgerald lifted their FY2017 EPS estimates for Mastercard in a research report issued on Wednesday. Cantor Fitzgerald analyst J. Foresi now anticipates that the credit services provider will post earnings of $4.57 per share for the year, up from their prior estimate of $4.44. Cantor Fitzgerald has a “Buy” rating and a $165.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Mastercard’s FY2018 earnings at $5.36 EPS.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis.
Several other equities analysts also recently issued reports on MA. Credit Suisse Group reissued a “buy” rating and set a $125.00 price target on shares of Mastercard in a report on Friday, July 7th. Deutsche Bank AG reissued a “buy” rating and set a $150.00 price target (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. lifted their price target on shares of Mastercard and gave the company an “outperform” rating in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average target price of $156.34.
Mastercard (NYSE:MA) opened at $149.29 on Thursday. The firm has a market cap of $157.87 billion, a PE ratio of 34.40, a PEG ratio of 2.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.65 and a current ratio of 1.66.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,623 shares of company stock worth $14,916,143. Insiders own 0.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new stake in shares of Mastercard in the first quarter worth $100,000. Lipe & Dalton bought a new stake in Mastercard during the first quarter worth $101,000. Chicago Partners Investment Group LLC raised its position in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares in the last quarter. 76.09% of the stock is currently 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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