Mastercard Inc (NYSE:MA) Receives Consensus Rating of “Buy” from Analysts

Mastercard Inc (NYSE:MA) has earned a consensus recommendation of “Buy” from the thirty-two brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $332.70.

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Mastercard from $311.00 to $315.00 and gave the company an “overweight” rating in a research report on Tuesday. Goldman Sachs Group assumed coverage on shares of Mastercard in a research report on Tuesday, July 14th. They set a “buy” rating and a $364.00 price target for the company. Jefferies Financial Group cut shares of Mastercard from a “buy” rating to a “hold” rating and dropped their price target for the company from $290.00 to $275.00 in a research report on Wednesday, April 15th. Wells Fargo & Co increased their price target on shares of Mastercard from $325.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Raymond James increased their price target on shares of Mastercard from $301.00 to $351.00 and gave the company an “outperform” rating in a research report on Friday.

In other Mastercard news, Director Steven J. Freiberg sold 4,230 shares of Mastercard stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total transaction of $1,285,835.40. Following the transaction, the director now owns 5,376 shares of the company’s stock, valued at $1,634,196.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 2,009 shares of Mastercard stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares in the company, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. Insiders have sold 1,005,122 shares of company stock valued at $304,245,598 over the last 90 days. 3.79% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of Mastercard by 3.6% in the second quarter. Comerica Bank now owns 246,316 shares of the credit services provider’s stock worth $77,188,000 after buying an additional 8,622 shares in the last quarter. Oldfather Financial Services LLC lifted its holdings in shares of Mastercard by 13.2% in the second quarter. Oldfather Financial Services LLC now owns 1,720 shares of the credit services provider’s stock worth $531,000 after buying an additional 200 shares in the last quarter. Valmark Advisers Inc. increased its position in Mastercard by 14.7% in the second quarter. Valmark Advisers Inc. now owns 1,139 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 146 shares during the last quarter. Bowie Capital Management LLC increased its position in Mastercard by 2.2% in the second quarter. Bowie Capital Management LLC now owns 93,000 shares of the credit services provider’s stock worth $27,500,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in Mastercard by 8.1% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 27,418 shares of the credit services provider’s stock worth $8,107,000 after purchasing an additional 2,048 shares during the last quarter. 73.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MA stock traded down $0.47 on Friday, hitting $308.53. 4,684,553 shares of the company’s stock traded hands, compared to its average volume of 3,495,101. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.87 and a current ratio of 1.95. Mastercard has a one year low of $199.99 and a one year high of $347.25. The company’s fifty day simple moving average is $301.05 and its 200 day simple moving average is $291.69. The stock has a market capitalization of $310.16 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 3.82 and a beta of 1.08.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.89 EPS. The firm’s quarterly revenue was down 19.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard will post 6.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $1.60 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.59%.

Mastercard Company Profile

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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