Mastercard Incorporated (NYSE:MA)‘s stock had its “hold” rating reiterated by stock analysts at Mizuho in a report issued on Thursday. They currently have a $140.00 price objective on the credit services provider’s stock. Mizuho’s target price indicates a potential downside of 4.66% from the company’s current price.
A number of other equities research analysts also recently issued reports on MA. Wells Fargo & Company upgraded Mastercard from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Wednesday. Cowen and Company restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research report on Thursday. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 price objective on shares of Mastercard in a research report on Friday, June 16th. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 price objective (up from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $144.18.
Shares of Mastercard (NYSE MA) traded down 0.13% during trading on Thursday, hitting $146.66. The company had a trading volume of 2,806,865 shares. The firm’s 50 day moving average is $139.22 and its 200-day moving average is $126.07. The stock has a market capitalization of $156.18 billion, a P/E ratio of 36.39 and a beta of 1.18. Mastercard has a 52 week low of $99.51 and a 52 week high of $148.16.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Mastercard will post $4.44 EPS for the current fiscal year.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 869,668 shares of company stock worth $112,301,656 in the last ninety days. Insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Personal Capital Advisors Corp boosted its position in Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after acquiring an additional 8,670 shares in the last quarter. IBM Retirement Fund boosted its position in Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after acquiring an additional 9,397 shares in the last quarter. Oribel Capital Management LP bought a new stake in Mastercard during the 1st quarter valued at $5,849,000. Puzo Michael J boosted its position in Mastercard by 0.4% during the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock valued at $6,129,000 after acquiring an additional 213 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in Mastercard by 289.8% during the 1st quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock valued at $2,361,000 after acquiring an additional 15,606 shares in the last quarter. 76.05% of the stock is currently owned by institutional investors and hedge funds.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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