Mastercard Inc (MA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Mastercard Inc (NYSE:MA) have earned a consensus recommendation of “Buy” from the thirty-one brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $218.53.

MA has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. BMO Capital Markets initiated coverage on Mastercard in a report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 target price for the company. Royal Bank of Canada lifted their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co lifted their target price on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Finally, Wolfe Research initiated coverage on Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating for the company.

Shares of MA traded up $3.41 during mid-day trading on Friday, reaching $207.03. 48,375 shares of the company were exchanged, compared to its average volume of 4,516,493. Mastercard has a 52 week low of $140.61 and a 52 week high of $225.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $215.35 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was up 20.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard will post 6.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.32% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Mastercard by 4.3% in the first quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock valued at $450,002,000 after acquiring an additional 105,160 shares in the last quarter. University of Notre Dame DU Lac boosted its holdings in shares of Mastercard by 5.7% in the first quarter. University of Notre Dame DU Lac now owns 50,401 shares of the credit services provider’s stock valued at $8,828,000 after acquiring an additional 2,727 shares in the last quarter. First Foundation Advisors purchased a new stake in shares of Mastercard in the first quarter valued at about $361,000. Lord Abbett & CO. LLC boosted its holdings in Mastercard by 26.4% during the first quarter. Lord Abbett & CO. LLC now owns 378,519 shares of the credit services provider’s stock worth $66,301,000 after buying an additional 78,965 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in Mastercard by 35.7% during the first quarter. Temasek Holdings Private Ltd now owns 1,252,283 shares of the credit services provider’s stock worth $219,350,000 after buying an additional 329,215 shares in the last quarter. 74.40% of the stock is currently owned by institutional investors.

About Mastercard

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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Analyst Recommendations for Mastercard (NYSE:MA)

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