Research Analysts Issue Forecasts for Mastercard Incorporated’s Q3 2024 Earnings (NYSE:MA)

Mastercard Incorporated (NYSE:MA) – Equities research analysts at William Blair issued their Q3 2024 EPS estimates for shares of Mastercard in a note issued to investors on Wednesday, July 31st. William Blair analyst A. Jeffrey forecasts that the credit services provider will post earnings of $3.81 per share for the quarter. William Blair currently has a “Strong-Buy” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.27 per share. William Blair also issued estimates for Mastercard’s Q4 2024 earnings at $3.68 EPS, FY2024 earnings at $14.38 EPS, Q1 2025 earnings at $3.76 EPS, Q2 2025 earnings at $4.25 EPS, Q3 2025 earnings at $4.45 EPS, Q4 2025 earnings at $4.37 EPS and FY2025 earnings at $16.83 EPS.

A number of other analysts have also commented on the company. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. KeyCorp boosted their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Bank of America cut Mastercard from a “buy” rating to a “neutral” rating and cut their target price for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. BNP Paribas upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $507.55.

Mastercard Stock Performance

NYSE:MA opened at $448.28 on Monday. The company has a market capitalization of $416.73 billion, a PE ratio of 35.63, a P/E/G ratio of 1.82 and a beta of 1.09. Mastercard has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. The company has a 50 day simple moving average of $446.30 and a two-hundred day simple moving average of $457.11.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $456.57, for a total transaction of $64,832,940.00. Following the completion of the transaction, the insider now directly owns 95,646,308 shares of the company’s stock, valued at approximately $43,669,234,843.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $456.57, for a total value of $64,832,940.00. Following the sale, the insider now directly owns 95,646,308 shares in the company, valued at $43,669,234,843.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,177,067 shares of company stock valued at $982,064,626. 0.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Mastercard

Several hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in Mastercard in the 4th quarter worth approximately $26,000. VitalStone Financial LLC lifted its stake in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC purchased a new stake in Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.