Mastercard (MA) Lifted to Strong-Buy at Vetr

Vetr upgraded shares of Mastercard (NYSE:MA) from a buy rating to a strong-buy rating in a report issued on Wednesday. They currently have $192.25 target price on the credit services provider’s stock.

MA has been the subject of a number of other research reports. Barclays raised their price objective on shares of Mastercard from $170.00 to $178.00 and gave the stock an overweight rating in a research note on Tuesday, January 30th. Argus raised shares of Mastercard from a hold rating to a buy rating and set a $200.00 price objective for the company in a research note on Friday, February 2nd. KeyCorp raised their price objective on shares of Mastercard from $170.00 to $195.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Mastercard from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein reaffirmed a buy rating and issued a $180.00 price objective (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $179.46.

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Mastercard stock opened at $175.16 on Wednesday. Mastercard has a 52 week low of $111.01 and a 52 week high of $183.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $184,160.44, a P/E ratio of 38.24, a PEG ratio of 1.61 and a beta of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue was up 20.2% on a year-over-year basis. equities analysts forecast that Mastercard will post 5.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.

Mastercard announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

In other news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the transaction, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. Insiders have sold a total of 53,745 shares of company stock valued at $9,222,084 in the last three months. Company insiders own 0.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MA. Community Bank N.A. raised its holdings in Mastercard by 119.7% in the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after acquiring an additional 365 shares during the period. Massey Quick Simon & CO. LLC bought a new position in Mastercard in the 3rd quarter worth $102,000. Pin Oak Investment Advisors Inc. bought a new position in Mastercard in the 4th quarter worth $103,000. Wealthcare Advisory Partners LLC bought a new position in Mastercard in the 3rd quarter worth $106,000. Finally, Trustcore Financial Services LLC bought a new position in Mastercard in the 4th quarter worth $120,000. Institutional investors and hedge funds own 76.09% of the company’s stock.

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About Mastercard

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Mastercard (NYSE:MA)

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