Mastercard Incorporated (NYSE:MA) – Research analysts at Oppenheimer lifted their Q3 2020 earnings per share (EPS) estimates for Mastercard in a report released on Wednesday, October 21st. Oppenheimer analyst D. Gabriele now expects that the credit services provider will post earnings of $1.71 per share for the quarter, up from their prior estimate of $1.64. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Mastercard’s Q4 2020 earnings at $1.84 EPS, FY2020 earnings at $6.75 EPS and Q2 2021 earnings at $1.90 EPS.
Several other research firms also recently commented on MA. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $371.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Mizuho started coverage on shares of Mastercard in a report on Wednesday, August 26th. They set a “buy” rating and a $400.00 price target on the stock. Bank of America boosted their price target on shares of Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mastercard from $320.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Finally, Goldman Sachs Group started coverage on shares of Mastercard in a report on Tuesday, July 14th. They set a “buy” rating and a $364.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $347.81.
NYSE:MA opened at $329.61 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a 50-day moving average of $337.60 and a 200-day moving average of $308.94. The company has a market cap of $329.96 billion, a PE ratio of 45.59, a PEG ratio of 2.77 and a beta of 1.11. Mastercard has a one year low of $199.99 and a one year high of $367.25.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share.
Several large investors have recently modified their holdings of MA. Carolina Wealth Advisors LLC bought a new position in shares of Mastercard in the 3rd quarter worth $30,000. Newfound Research LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at $34,000. Larson Financial Group LLC boosted its stake in shares of Mastercard by 55.2% in the 3rd quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 37 shares in the last quarter. Evolution Wealth Advisors LLC boosted its stake in shares of Mastercard by 530.4% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 122 shares in the last quarter. Finally, Virtus Alternative Investment Advisers Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at $46,000. 73.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder Foundation Mastercard sold 30,100 shares of the stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $333.40, for a total value of $10,035,340.00. Following the transaction, the insider now owns 109,607,413 shares of the company’s stock, valued at approximately $36,543,111,494.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fraccaro sold 6,913 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $327.50, for a total transaction of $2,264,007.50. Following the completion of the transaction, the insider now directly owns 7,938 shares in the company, valued at approximately $2,599,695. The disclosure for this sale can be found here. Insiders have sold a total of 155,367 shares of company stock worth $51,686,708 in the last ninety days. 3.79% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
Mastercard Company Profile
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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