Mastercard Inc (NYSE:MA) has earned an average recommendation of “Buy” from the thirty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $220.73.
MA has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a research note on Monday, November 19th. Loop Capital set a $232.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. BMO Capital Markets lifted their price target on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Royal Bank of Canada lifted their price target on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call.
MA traded down $6.49 during trading on Monday, reaching $196.50. 4,958,614 shares of the company’s stock were exchanged, compared to its average volume of 4,418,945. Mastercard has a fifty-two week low of $149.17 and a fifty-two week high of $225.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $209.65 billion, a P/E ratio of 42.90, a P/E/G ratio of 1.74 and a beta of 1.21.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts expect that Mastercard will post 6.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Wednesday, January 9th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.25. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
Mastercard declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 4th that authorizes the company to buyback $6.50 million in shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, Director Richard K. Davis acquired 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Richard Bernstein Advisors LLC raised its holdings in shares of Mastercard by 3.5% in the second quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock valued at $15,936,000 after buying an additional 2,757 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Mastercard by 13.3% in the third quarter. Russell Investments Group Ltd. now owns 2,640,138 shares of the credit services provider’s stock valued at $587,406,000 after buying an additional 310,839 shares during the last quarter. Criterion Capital Management LLC raised its holdings in shares of Mastercard by 16.8% in the second quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock valued at $33,640,000 after buying an additional 24,634 shares during the last quarter. Certified Advisory Corp raised its holdings in shares of Mastercard by 9.3% in the second quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock valued at $3,164,000 after buying an additional 1,375 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Mastercard by 5.7% in the third quarter. TD Asset Management Inc. now owns 804,361 shares of the credit services provider’s stock valued at $179,059,000 after buying an additional 43,376 shares during the last quarter. 74.84% of the stock is owned by institutional investors and hedge funds.
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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