Mastercard Incorporated (NYSE:MA) had its price objective upped by investment analysts at Barclays PLC from $142.00 to $148.00 in a research report issued on Friday, September 8th. The firm currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s target price points to a potential upside of 4.53% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. KeyCorp reiterated a “buy” rating and issued a $150.00 price objective on shares of Mastercard in a report on Thursday, September 7th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a report on Friday, September 8th. Nomura lifted their price objective on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Credit Suisse Group lifted their price objective on Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Cowen and Company restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $138.43.
Shares of Mastercard (NYSE MA) traded up 0.08% during trading on Friday, reaching $141.58. The company had a trading volume of 6,152,491 shares. The stock’s 50-day moving average price is $133.09 and its 200-day moving average price is $122.02. The company has a market capitalization of $150.77 billion, a PE ratio of 35.13 and a beta of 1.18. Mastercard has a 52 week low of $99.42 and a 52 week high of $143.52.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm posted $0.96 EPS. Mastercard’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Mastercard will post $4.43 EPS for the current fiscal year.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s 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 $14,272,463,814.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was 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. In the last three months, insiders sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. purchased a new stake in shares of Mastercard during the second quarter worth $1,873,000. USA Financial Portformulas Corp increased its position in shares of Mastercard by 945.0% during the second quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock worth $3,232,000 after acquiring an additional 24,068 shares during the period. Farmers National Bank increased its position in shares of Mastercard by 7.2% during the second quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock worth $1,614,000 after acquiring an additional 889 shares during the period. Kimelman & Baird LLC increased its position in shares of Mastercard by 0.7% during the second quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock worth $13,357,000 after acquiring an additional 765 shares during the period. Finally, Sentry Investment Management LLC increased its position in shares of Mastercard by 1.0% during the second quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock worth $9,202,000 after acquiring an additional 736 shares during the period. 76.10% 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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