Mastercard (NYSE:MA) had its price objective increased by JPMorgan Chase & Co. from $315.00 to $369.00 in a research report report published on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the credit services provider’s stock.
Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on Mastercard from $317.00 to $344.00 and gave the company a buy rating in a research note on Wednesday, June 17th. SunTrust Banks raised their price objective on Mastercard from $295.00 to $330.00 and gave the company a buy rating in a research note on Thursday, April 30th. Morgan Stanley raised their price objective on Mastercard from $311.00 to $315.00 and gave the company an overweight rating in a research note on Tuesday, July 28th. UBS Group dropped their price objective on Mastercard from $345.00 to $315.00 and set a buy rating for the company in a research note on Friday, May 1st. Finally, KeyCorp raised their price objective on Mastercard from $300.00 to $340.00 and gave the company a positive rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $336.24.
Shares of MA stock opened at $337.32 on Monday. The company has a market cap of $331.35 billion, a price-to-earnings ratio of 46.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06. The stock has a 50 day simple moving average of $311.66 and a 200-day simple moving average of $292.06. Mastercard has a 12-month low of $199.99 and a 12-month high of $347.25. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.92.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the business posted $1.89 EPS. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard will post 6.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Wednesday, July 8th. Mastercard’s payout ratio is currently 20.59%.
In related news, major shareholder Foundation Mastercard sold 68,670 shares of Mastercard stock in a transaction on Monday, June 29th. The stock was sold at an average price of $289.87, for a total value of $19,905,372.90. Following the transaction, the insider now owns 110,826,524 shares in the company, valued at $32,125,284,511.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Ann Cairns sold 40,115 shares of Mastercard stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $302.58, for a total value of $12,137,996.70. Following the completion of the transaction, the insider now owns 107,377 shares in the company, valued at approximately $32,490,132.66. The disclosure for this sale can be found here. Insiders sold 1,024,022 shares of company stock worth $310,267,693 in the last quarter. 3.79% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in MA. Fisher Asset Management LLC raised its position in Mastercard by 637.9% in the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock valued at $859,955,000 after purchasing an additional 3,077,542 shares during the period. Nordea Investment Management AB increased its position in shares of Mastercard by 146.6% during the second quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock worth $1,287,820,000 after acquiring an additional 2,614,737 shares during the last quarter. Veritas Asset Management LLP purchased a new stake in shares of Mastercard during the first quarter worth about $549,597,000. Advisor Group Holdings Inc. purchased a new stake in shares of Mastercard during the first quarter worth about $53,522,000. Finally, Capital International Investors increased its position in shares of Mastercard by 44.2% during the first quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock worth $829,028,000 after acquiring an additional 1,052,440 shares during the last quarter. 73.87% of the stock is currently owned by institutional investors.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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