Mastercard Incorporated (MA) Given “Outperform” Rating at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of Mastercard Incorporated (NYSE:MA) in a research report released on Wednesday. The brokerage currently has a $174.00 price target on the credit services provider’s stock, up from their previous price target of $157.00.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Mastercard from a hold rating to a buy rating and set a $136.00 target price for the company in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a buy rating and issued a $147.00 target price (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. Wedbush reiterated a buy rating and issued a $140.00 target price (up from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. BidaskClub upgraded Mastercard from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG reiterated a buy rating and issued a $150.00 target price (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $156.34.

Shares of Mastercard (NYSE:MA) traded up $1.04 during trading on Wednesday, reaching $149.29. The company’s stock had a trading volume of 2,329,428 shares, compared to its average volume of 3,524,201. The company has a market cap of $158,978.31, a P/E ratio of 34.64, a PEG ratio of 2.09 and a beta of 1.21. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard has a 12 month low of $99.51 and a 12 month high of $152.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.08 EPS. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. equities analysts anticipate that Mastercard will post 4.52 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.47%.

In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders have sold 112,623 shares of company stock worth $14,916,143 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its position in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Mastercard in the first quarter valued at approximately $100,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares in the last quarter. Lipe & Dalton purchased a new position in shares of Mastercard in the first quarter valued at approximately $101,000. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

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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