Trading Report: Today, MasterCard Inc. (MA) Lowered by Vetr Inc. to “Hold”

Today, MasterCard Inc. (MA) Lowered by Vetr Inc. to “Hold”

MasterCard Inc. (NYSE:MA) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $108.31 target price on the stock. Vetr‘s target price would suggest a potential upside of 2.44% from the company’s current price.

A number of other brokerages also recently issued reports on MA. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research report on Friday, August 12th. Nomura lifted their price target on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Barclays PLC lifted their price target on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Pacific Crest set a $110.00 price target on MasterCard and gave the company a “buy” rating in a research report on Wednesday, September 14th. Finally, Stifel Nicolaus boosted their target price on MasterCard from $114.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, October 31st. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. MasterCard has a consensus rating of “Buy” and an average price target of $110.90.

MasterCard (NYSE:MA) traded up 1.12% during mid-day trading on Tuesday, reaching $105.73. 1,566,890 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $103.67 and a 200-day moving average of $97.75. MasterCard has a one year low of $78.52 and a one year high of $108.93. The stock has a market cap of $115.20 billion, a price-to-earnings ratio of 29.23 and a beta of 1.22.

MasterCard (NYSE:MA) last issued its quarterly earnings results on Friday, October 28th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The firm earned $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. On average, equities research analysts anticipate that MasterCard will post $3.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. MasterCard’s dividend payout ratio (DPR) is presently 20.99%.

In related news, insider Ann Cairns sold 26,630 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the sale, the insider now directly owns 58,721 shares of the company’s stock, valued at $5,977,210.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 72,624 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $103.03, for a total value of $7,482,450.72. Following the completion of the transaction, the insider now directly owns 114,592,747 shares in the company, valued at $11,806,490,723.41. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MA. Arbor Wealth Management LLC boosted its position in shares of MasterCard by 0.3% in the second quarter. Arbor Wealth Management LLC now owns 2,878 shares of the company’s stock valued at $273,000 after buying an additional 8 shares during the last quarter. Homrich & Berg boosted its position in shares of MasterCard by 0.3% in the third quarter. Homrich & Berg now owns 2,558 shares of the company’s stock valued at $260,000 after buying an additional 8 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of MasterCard by 0.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the company’s stock valued at $159,000 after buying an additional 15 shares during the last quarter. Alpha Windward LLC boosted its position in shares of MasterCard by 1.0% in the third quarter. Alpha Windward LLC now owns 1,550 shares of the company’s stock valued at $158,000 after buying an additional 15 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in shares of MasterCard by 0.4% in the second quarter. HBK Sorce Advisory LLC now owns 5,129 shares of the company’s stock valued at $452,000 after buying an additional 22 shares during the last quarter. 75.02% of the stock is currently owned by institutional investors and hedge funds.

About MasterCard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.

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