Todays Report: Today, MasterCard Inc. (MA) Lowered by Vetr Inc.

Today, MasterCard Inc. (MA) Lowered by Vetr Inc.

MasterCard Inc. (NYSE:MA) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $108.31 target price on the stock. Vetr‘s target price would suggest a potential upside of 2.44% from the stock’s previous close.

MA has been the subject of a number of other reports. Robert W. Baird reiterated an “outperform” rating and issued a $115.00 price objective on shares of MasterCard in a research report on Monday, July 25th. Barclays PLC lifted their price objective on MasterCard from $103.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Citigroup Inc. lifted their price objective on MasterCard from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. lifted their price objective on MasterCard from $108.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $128.00 price objective (up from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. MasterCard currently has an average rating of “Buy” and an average target price of $110.90.

MasterCard (NYSE:MA) traded up 1.12% during mid-day trading on Monday, reaching $105.73. 1,566,890 shares of the company’s stock were exchanged. The stock has a market cap of $115.20 billion, a P/E ratio of 29.23 and a beta of 1.22. MasterCard has a 52 week low of $78.52 and a 52 week high of $108.93. The stock has a 50-day moving average price of $103.56 and a 200-day moving average price of $97.69.

MasterCard (NYSE:MA) last issued its quarterly earnings data 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 company earned $2.88 billion during the quarter, compared to analysts’ expectations of $2.74 billion. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. On average, analysts forecast that MasterCard will post $3.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s dividend payout ratio is 20.99%.

In other MasterCard news, insider Craig Vosburg sold 15,760 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $107.25, for a total value of $1,690,260.00. Following the transaction, the insider now directly owns 39,837 shares of the company’s stock, valued at approximately $4,272,518.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $101.78, for a total value of $508,900.00. Following the completion of the transaction, the director now directly owns 52,423 shares in the company, valued at $5,335,612.94. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MA. Arbor Wealth Management LLC raised its stake in 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 period. Homrich & Berg raised its stake in 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 period. Compagnie Lombard Odier SCmA raised its stake in 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 period. Alpha Windward LLC raised its stake in 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 period. Finally, HBK Sorce Advisory LLC raised its stake in 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 period. 75.02% of the stock is currently owned by hedge funds and other institutional investors.

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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