Mastercard Incorporated (NYSE:MA) has been assigned a consensus recommendation of “Buy” from the twenty-eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $137.43.
Several equities research analysts recently weighed in on MA shares. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $153.00 in a report on Monday. Citigroup Inc. raised their price objective on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Vetr lowered shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective for the company. in a report on Monday, May 22nd. Finally, BMO Capital Markets raised their price objective on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th.
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Shares of Mastercard (NYSE MA) traded up 1.01% on Friday, reaching $141.52. The company had a trading volume of 3,724,740 shares. Mastercard has a 52-week low of $98.38 and a 52-week high of $143.52. The stock has a market capitalization of $150.70 billion, a PE ratio of 35.12 and a beta of 1.18. The company has a 50 day moving average price of $132.14 and a 200 day moving average price of $121.52.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard will post $4.43 earnings per share for the current year.
In related news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the transaction, the insider now directly owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Personal Capital Advisors Corp boosted its stake in Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after acquiring an additional 160 shares in the last quarter. Puzo Michael J boosted its stake in Mastercard by 0.4% during the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after acquiring an additional 213 shares in the last quarter. Adviser Investments LLC bought a new position in Mastercard during the first quarter worth $727,000. Finally, Linscomb & Williams Inc. boosted its stake in Mastercard by 5.7% during the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after acquiring an additional 603 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
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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