Trade Report: The MasterCard Inc. (MA) Stock Rating Upgrade by Vetr Inc.

The MasterCard Inc. (MA) Stock Rating Upgrade by Vetr Inc.

MasterCard Inc. (NYSE:MA) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $108.31 price target on the stock. Vetr‘s target price suggests a potential upside of 2.44% from the stock’s previous close.

Several other equities research analysts have also issued reports on MA. Barclays PLC reissued an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of MasterCard in a research note on Friday, October 21st. BMO Capital Markets reissued a “buy” rating on shares of MasterCard in a research note on Monday, July 11th. Robert W. Baird reissued an “outperform” rating and set a $124.00 price objective (up previously from $120.00) on shares of MasterCard in a research note on Monday, October 31st. RBC Capital Markets reissued an “outperform” rating and set a $115.00 price objective (up previously from $112.00) on shares of MasterCard in a research note on Monday, October 31st. Finally, Royal Bank Of Canada lifted their price objective on MasterCard from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $110.90.

Shares of MasterCard (NYSE:MA) traded up 1.12% during midday trading on Wednesday, hitting $105.73. The stock had a trading volume of 1,566,890 shares. The stock has a market cap of $115.20 billion, a price-to-earnings ratio of 29.23 and a beta of 1.22. The firm’s 50-day moving average price is $103.67 and its 200-day moving average price is $97.75. MasterCard has a 1-year low of $78.52 and a 1-year high of $108.93.

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

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

In related news, insider Craig Vosburg sold 15,760 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 39,837 shares in the company, valued at approximately $4,272,518.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 72,624 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 114,592,747 shares in the company, valued at approximately $11,806,490,723.41. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in MasterCard by 0.7% in the second quarter. Vanguard Group Inc. now owns 59,998,942 shares of the company’s stock valued at $5,283,508,000 after buying an additional 391,517 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in MasterCard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the company’s stock valued at $4,457,649,000 after buying an additional 4,111,803 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in MasterCard by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 26,444,226 shares of the company’s stock valued at $2,691,229,000 after buying an additional 261,452 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MasterCard by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 17,539,994 shares of the company’s stock valued at $1,785,045,000 after buying an additional 137,213 shares during the last quarter. Finally, Morgan Stanley increased its stake in MasterCard by 1.1% in the third quarter. Morgan Stanley now owns 16,332,370 shares of the company’s stock valued at $1,662,145,000 after buying an additional 180,787 shares during the last quarter. Institutional investors own 75.02% 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. 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.

Related posts

Leave a Comment