Mastercard Incorporated (NYSE:MA) – Equities researchers at Wedbush reduced their Q2 2021 EPS estimates for Mastercard in a research report issued on Thursday, April 29th. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $1.85 per share for the quarter, down from their prior forecast of $1.93. Wedbush also issued estimates for Mastercard’s Q3 2021 earnings at $2.18 EPS, Q2 2022 earnings at $2.46 EPS, Q3 2022 earnings at $2.71 EPS and Q4 2022 earnings at $2.90 EPS.
MA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mastercard from $383.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, January 14th. Mizuho raised their price objective on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Truist raised their price objective on Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Macquarie lifted their price target on Mastercard from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Finally, Sanford C. Bernstein assumed coverage on Mastercard in a research report on Wednesday, January 27th. They issued an “outperform” rating and a $380.00 price target for the company. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $382.26.
NYSE:MA opened at $375.91 on Monday. The stock has a market cap of $373.41 billion, a P/E ratio of 56.36, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The firm’s fifty day simple moving average is $374.42 and its 200 day simple moving average is $346.45. Mastercard has a twelve month low of $263.96 and a twelve month high of $401.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share.
A number of hedge funds have recently made changes to their positions in MA. Veracity Capital LLC boosted its stake in Mastercard by 1.1% in the first quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after acquiring an additional 28 shares during the last quarter. Washington Trust Bank lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Washington Trust Bank now owns 9,936 shares of the credit services provider’s stock worth $3,537,000 after acquiring an additional 28 shares during the period. Boenning & Scattergood Inc. lifted its holdings in shares of Mastercard by 1.1% during the 1st quarter. Boenning & Scattergood Inc. now owns 2,501 shares of the credit services provider’s stock worth $890,000 after acquiring an additional 28 shares during the period. Arbor Wealth Management LLC lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Arbor Wealth Management LLC now owns 9,430 shares of the credit services provider’s stock worth $3,358,000 after acquiring an additional 29 shares during the period. Finally, Bigelow Investment Advisors LLC lifted its holdings in shares of Mastercard by 1.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock worth $855,000 after acquiring an additional 30 shares during the period. Institutional investors own 73.64% of the company’s stock.
In other news, insider Craig Vosburg sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $381.70, for a total value of $3,817,000.00. Following the completion of the transaction, the insider now directly owns 50,449 shares in the company, valued at $19,256,383.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gilberto Caldart sold 7,528 shares of Mastercard stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $340.00, for a total value of $2,559,520.00. Following the transaction, the insider now owns 9,100 shares of the company’s stock, valued at $3,094,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 339,529 shares of company stock valued at $116,725,147. Company insiders own 3.79% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.65%.
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.
Read More: EV Stocks
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.