Mastercard Inc (NYSE:MA) – Equities research analysts at Wedbush lowered their Q1 2021 earnings per share (EPS) estimates for shares of Mastercard in a research note issued to investors on Monday, March 23rd. Wedbush analyst M. Katri now expects that the credit services provider will earn $2.08 per share for the quarter, down from their previous forecast of $2.38. Wedbush also issued estimates for Mastercard’s Q3 2021 earnings at $2.61 EPS and Q4 2021 earnings at $2.72 EPS.
Several other equities analysts have also commented on MA. Macquarie started coverage on Mastercard in a research report on Tuesday, January 21st. They set an “outperform” rating and a $365.00 price objective for the company. Morgan Stanley lowered their price objective on Mastercard from $294.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Wednesday, March 18th. Stephens lowered their price target on Mastercard from $343.00 to $264.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Raymond James lifted their price target on Mastercard from $325.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $322.00.
Shares of Mastercard stock opened at $263.18 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $238.28 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.79 and a beta of 1.00. The business has a fifty day simple moving average of $292.59 and a two-hundred day simple moving average of $289.98. Mastercard has a 12 month low of $199.99 and a 12 month high of $347.25.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.87 by $0.09. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.40 billion. Mastercard had a return on equity of 150.46% and a net margin of 48.08%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
Mastercard declared that its board has authorized a stock buyback plan on Tuesday, December 3rd that authorizes the company to buyback $8.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
In related news, CMO Venkata R. Madabhushi sold 7,492 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $335.00, for a total value of $2,509,820.00. Following the transaction, the chief marketing officer now directly owns 16,459 shares of the company’s stock, valued at approximately $5,513,765. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 8,444 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $315.00, for a total value of $2,659,860.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 425,819 shares of company stock valued at $135,948,244. 3.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Altavista Wealth Management Inc. increased its position in shares of Mastercard by 2.5% during the 4th quarter. Altavista Wealth Management Inc. now owns 10,436 shares of the credit services provider’s stock valued at $3,116,000 after purchasing an additional 252 shares during the last quarter. Bluefin Trading LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $10,214,000. CSat Investment Advisory L.P. increased its position in shares of Mastercard by 8.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 5,850 shares of the credit services provider’s stock valued at $1,747,000 after purchasing an additional 447 shares during the last quarter. NS Partners Ltd increased its position in shares of Mastercard by 1.1% during the 4th quarter. NS Partners Ltd now owns 96,171 shares of the credit services provider’s stock valued at $28,716,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Mastercard during the 4th quarter valued at approximately $48,000. 75.61% of the stock is currently owned by institutional investors.
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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