Mastercard Incorporated (NYSE:MA) – Investment analysts at Piper Sandler upped their FY2021 earnings per share (EPS) estimates for shares of Mastercard in a report released on Wednesday, April 7th. Piper Sandler analyst C. Donat now forecasts that the credit services provider will post earnings of $7.46 per share for the year, up from their prior forecast of $7.40.
MA has been the topic of a number of other reports. Morgan Stanley raised their price objective on shares of Mastercard from $377.00 to $412.00 and gave the company an “overweight” rating in a research note on Monday, March 22nd. Truist Securities raised their price objective on shares of Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $383.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Barclays raised their price target on shares of Mastercard from $360.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Finally, Sanford C. Bernstein began coverage on shares of Mastercard in a research report on Wednesday, January 27th. They set an “outperform” rating and a $380.00 price target on the stock. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $367.26.
Mastercard stock opened at $371.08 on Thursday. Mastercard has a 1-year low of $244.10 and a 1-year high of $389.50. The firm has a market capitalization of $368.62 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The firm’s fifty day moving average price is $360.98 and its two-hundred day moving average price is $340.56. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 28th. The credit services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the firm earned $2.07 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be paid a $0.44 dividend. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a dividend yield of 0.47%. Mastercard’s payout ratio is 22.65%.
In related news, insider Gilberto Caldart sold 7,528 shares of the business’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $340.00, for a total transaction of $2,559,520.00. Following the completion of the transaction, the insider now owns 9,100 shares of the company’s stock, valued at $3,094,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Fraccaro sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $370.00, for a total transaction of $508,380.00. Following the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at approximately $2,826,800. The disclosure for this sale can be found here. Insiders sold 768,468 shares of company stock valued at $254,295,843 in the last quarter. Corporate insiders own 3.79% of the company’s stock.
A number of large investors have recently modified their holdings of MA. Norges Bank purchased a new position in Mastercard during the fourth quarter valued at approximately $3,290,758,000. Morgan Stanley grew its stake in Mastercard by 14.6% during the fourth quarter. Morgan Stanley now owns 17,118,275 shares of the credit services provider’s stock valued at $6,110,200,000 after acquiring an additional 2,181,047 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Mastercard by 18.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,265,443 shares of the credit services provider’s stock valued at $2,236,387,000 after acquiring an additional 965,165 shares in the last quarter. Lone Pine Capital LLC grew its stake in Mastercard by 54.2% during the fourth quarter. Lone Pine Capital LLC now owns 2,719,397 shares of the credit services provider’s stock valued at $970,662,000 after acquiring an additional 955,826 shares in the last quarter. Finally, Ownership Capital B.V. lifted its position in Mastercard by 37.5% during the fourth quarter. Ownership Capital B.V. now owns 1,769,440 shares of the credit services provider’s stock valued at $161,426,000 after purchasing an additional 482,250 shares during the last quarter. 73.64% of the stock is 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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