Mastercard Inc (NYSE:MA) – Stock analysts at Cantor Fitzgerald dropped their FY2019 EPS estimates for Mastercard in a research note issued on Wednesday, May 1st. Cantor Fitzgerald analyst J. Foresi now forecasts that the credit services provider will post earnings of $7.53 per share for the year, down from their prior estimate of $7.55.
A number of other analysts have also commented on the company. KeyCorp reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $230.00) on shares of Mastercard in a research note on Friday. UBS Group increased their price objective on Mastercard from $247.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup increased their price objective on Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on Mastercard from $254.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James increased their price objective on Mastercard from $247.00 to $278.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $242.79.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share.
Several institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC raised its holdings in shares of Mastercard by 43.8% in the 1st quarter. Enlightenment Research LLC now owns 4,600 shares of the credit services provider’s stock worth $1,083,000 after purchasing an additional 1,400 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Mastercard by 5.7% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,024 shares of the credit services provider’s stock valued at $476,000 after buying an additional 110 shares during the period. Chase Investment Counsel Corp raised its holdings in shares of Mastercard by 1.8% during the 1st quarter. Chase Investment Counsel Corp now owns 26,463 shares of the credit services provider’s stock valued at $6,230,000 after buying an additional 465 shares during the period. Cambridge Financial Group Inc. raised its holdings in shares of Mastercard by 7.9% during the 1st quarter. Cambridge Financial Group Inc. now owns 29,419 shares of the credit services provider’s stock valued at $6,927,000 after buying an additional 2,159 shares during the period. Finally, Goelzer Investment Management Inc. raised its holdings in shares of Mastercard by 13.1% during the 1st quarter. Goelzer Investment Management Inc. now owns 16,550 shares of the credit services provider’s stock valued at $3,897,000 after buying an additional 1,919 shares during the period. Institutional investors own 75.59% of the company’s stock.
In other news, CEO Ajay Banga sold 252,600 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the transaction, the chief executive officer now directly owns 427,638 shares in the company, valued at approximately $107,302,926.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,711 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total value of $664,195.00. Following the completion of the transaction, the insider now owns 20,492 shares in the company, valued at $5,020,540. The disclosure for this sale can be found here. Over the last three months, insiders sold 381,530 shares of company stock worth $93,705,711. 0.32% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 20.34%.
Mastercard Company Profile
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.
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