Mastercard’s (MA) Buy Rating Reiterated at KeyCorp

KeyCorp reissued their buy rating on shares of Mastercard Incorporated (NYSE:MA) in a research note issued to investors on Wednesday. They currently have a $165.00 price objective on the credit services provider’s stock.

Several other research firms have also commented on MA. Instinet reiterated a buy rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Deutsche Bank AG reiterated a buy rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Piper Jaffray Companies reiterated a buy rating and issued a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Susquehanna Bancshares Inc reiterated a positive rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Mastercard from a hold rating to a buy rating and set a $160.00 price objective for the company in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $148.54.

Mastercard (NYSE MA) traded up 0.28% during mid-day trading on Wednesday, hitting $145.38. The company had a trading volume of 3,547,286 shares. The company’s 50 day moving average price is $141.77 and its 200-day moving average price is $127.66. Mastercard has a 12-month low of $99.51 and a 12-month high of $148.45. The firm has a market capitalization of $154.81 billion, a PE ratio of 36.07 and a beta of 1.18.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts forecast that Mastercard will post $4.44 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Mastercard’s (MA) Buy Rating Reiterated at KeyCorp” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/mastercards-ma-buy-rating-reiterated-at-keycorp.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.

In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total transaction of $11,343,026.28. Following the sale, the insider now directly owns 112,561,445 shares of the company’s stock, valued at $14,572,204,669.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 641,820 shares of company stock valued at $83,385,957. Insiders own 0.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Mastercard during the 1st quarter worth $100,000. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the last quarter. Lipe & Dalton bought a new stake in shares of Mastercard during the 1st quarter worth $101,000. Finally, Chicago Partners Investment Group

Several other research firms have also commented on MA. Instinet reiterated a buy rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Deutsche Bank AG reiterated a buy rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Piper Jaffray Companies reiterated a buy rating and issued a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Susquehanna Bancshares Inc reiterated a positive rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Mastercard from a hold rating to a buy rating and set a $160.00 price objective for the company in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $148.54.

Mastercard (NYSE MA) traded up 0.28% during mid-day trading on Wednesday, hitting $145.38. The company had a trading volume of 3,547,286 shares. The company’s 50 day moving average price is $141.77 and its 200-day moving average price is $127.66. Mastercard has a 12-month low of $99.51 and a 12-month high of $148.45. The firm has a market capitalization of $154.81 billion, a PE ratio of 36.07 and a beta of 1.18.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts forecast that Mastercard will post $4.44 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Mastercard’s (MA) Buy Rating Reiterated at KeyCorp” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/mastercards-ma-buy-rating-reiterated-at-keycorp.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.

In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total transaction of $11,343,026.28. Following the sale, the insider now directly owns 112,561,445 shares of the company’s stock, valued at $14,572,204,669.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 641,820 shares of company stock valued at $83,385,957. Insiders own 0.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Mastercard during the 1st quarter worth $100,000. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the last quarter. Lipe & Dalton bought a new stake in shares of Mastercard during the 1st quarter worth $101,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the last quarter. 76.01% of the stock is owned by institutional investors.

Mastercard Company Profile

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.

Analyst Recommendations for Mastercard (NYSE:MA)

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