Mastercard Incorporated (NYSE:MA) had its price objective raised by Barclays PLC from $142.00 to $148.00 in a research note published on Friday morning. Barclays PLC currently has an overweight rating on the credit services provider’s stock.
Several other brokerages also recently weighed in on MA. Deutsche Bank AG reaffirmed a buy rating and set a $150.00 target price (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Wedbush reaffirmed an outperform rating and set a $129.00 target price (up from $126.00) on shares of Mastercard in a research note on Tuesday, June 6th. Cowen and Company reaffirmed a buy rating and set a $137.00 target price on shares of Mastercard in a research note on Friday. Oppenheimer Holdings, Inc. upped their target price on Mastercard and gave the stock an outperform rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Mastercard from a buy rating to a hold rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $137.38.
Shares of Mastercard (MA) opened at 141.99 on Friday. The stock has a market capitalization of $151.20 billion, a price-to-earnings ratio of 35.23 and a beta of 1.18. Mastercard has a one year low of $98.38 and a one year high of $141.99. The firm’s 50-day moving average is $131.47 and its 200-day moving average is $121.14.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. Equities research analysts forecast that Mastercard will post $4.43 EPS for the current year.
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In other news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. 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. Company insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new position in shares of Mastercard during the 1st quarter worth $100,000. Lipe & Dalton purchased a new position in shares of Mastercard during the 1st quarter worth $101,000. Chicago Partners Investment Group LLC grew its holdings in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. grew its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 76.10% 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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