Mastercard Incorporated (NYSE:MA) had its price objective hoisted by SunTrust Banks, Inc. to $180.00 in a research report report published on Wednesday, November 1st, The Fly reports. They currently have a buy rating on the credit services provider’s stock. SunTrust Banks also issued estimates for Mastercard’s FY2017 earnings at $4.56 EPS, Q1 2018 earnings at $1.22 EPS, Q2 2018 earnings at $1.32 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.31 EPS and FY2019 earnings at $6.28 EPS.
Several other equities research analysts have also issued reports on MA. Zacks Investment Research raised Mastercard from a hold rating to a buy rating and set a $136.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub lowered Mastercard from a buy rating to a hold rating in a research note on Wednesday, July 5th. Credit Suisse Group reissued a buy rating and set a $125.00 price target on shares of Mastercard in a research note on Friday, July 7th. Deutsche Bank AG restated a buy rating and set a $150.00 price objective (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. raised their price objective on Mastercard and gave the stock an outperform rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $157.68.
Mastercard (NYSE:MA) opened at $149.56 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $158,330.00, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Mastercard has a 1-year low of $99.51 and a 1-year high of $152.00.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s payout ratio is currently 20.51%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock worth $3,582,984. Insiders own 0.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Karp Capital Management Corp purchased a new position in shares of Mastercard during the first quarter worth about $52,728,000. First Foundation Advisors acquired a new stake in Mastercard in the first quarter valued at about $324,000. Sei Investments Co. lifted its position in Mastercard by 2.6% in the first quarter. Sei Investments Co. now owns 1,199,546 shares of the credit services provider’s stock valued at $134,913,000 after purchasing an additional 29,924 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Mastercard by 1.6% during the 1st quarter. First Eagle Investment Management LLC now owns 1,718,197 shares of the credit services provider’s stock valued at $193,246,000 after acquiring an additional 26,269 shares during the period. Finally, Baker Chad R lifted its position in shares of Mastercard by 2.7% during the 1st quarter. Baker Chad R now owns 55,815 shares of the credit services provider’s stock valued at $6,277,000 after acquiring an additional 1,475 shares during the period. 75.71% of the stock is currently 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.
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