Mastercard Incorporated (NYSE:MA) Given Consensus Rating of “Buy” by Analysts

Mastercard Incorporated (NYSE:MAGet Rating) has been assigned a consensus rating of “Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $426.88.

Several analysts recently issued reports on MA shares. StockNews.com started coverage on Mastercard in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wedbush reduced their price target on Mastercard from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Monday, December 20th. Barclays reduced their price target on Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Morgan Stanley lifted their price objective on Mastercard from $448.00 to $449.00 and gave the company an “overweight” rating in a report on Friday, January 28th. Finally, Raymond James dropped their price objective on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a report on Friday, January 28th.

In other Mastercard news, insider Craig Vosburg sold 1,561 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 155,060 shares of the company’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $372.93, for a total value of $57,826,525.80. The disclosure for this sale can be found here. Insiders have sold a total of 482,051 shares of company stock valued at $181,949,746 in the last three months. 0.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Raymond James & Associates boosted its position in shares of Mastercard by 6.0% during the 3rd quarter. Raymond James & Associates now owns 1,189,784 shares of the credit services provider’s stock valued at $413,670,000 after purchasing an additional 67,090 shares in the last quarter. LA Financiere DE L Echiquier boosted its position in shares of Mastercard by 543.6% during the 3rd quarter. LA Financiere DE L Echiquier now owns 192,451 shares of the credit services provider’s stock valued at $66,912,000 after purchasing an additional 162,551 shares in the last quarter. Fiduciary Trust Co. boosted its position in shares of Mastercard by 2.3% during the 3rd quarter. Fiduciary Trust Co. now owns 40,773 shares of the credit services provider’s stock valued at $14,176,000 after purchasing an additional 914 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Mastercard by 7,526.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 280,121 shares of the credit services provider’s stock valued at $1,412,000 after purchasing an additional 276,448 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Mastercard by 38.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,447 shares of the credit services provider’s stock valued at $1,546,000 after purchasing an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

Shares of NYSE MA traded down $1.02 during midday trading on Monday, hitting $356.80. 1,868,554 shares of the company’s stock were exchanged, compared to its average volume of 4,614,696. The company’s 50 day moving average price is $353.76 and its 200 day moving average price is $353.02. The firm has a market capitalization of $348.76 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard has a 12 month low of $305.61 and a 12 month high of $401.50. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.78.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings results on Thursday, January 27th. The credit services provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.16. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Mastercard had a return on equity of 122.90% and a net margin of 46.00%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 EPS. On average, equities research analysts anticipate that Mastercard will post 10.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Friday, April 8th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 22.37%.

Mastercard Company Profile (Get Rating)

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Analyst Recommendations for Mastercard (NYSE:MA)

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