Mastercard Incorporated (NYSE:MA) – Investment analysts at Piper Sandler lowered their Q2 2021 earnings per share estimates for shares of Mastercard in a research report issued on Thursday, April 29th. Piper Sandler analyst C. Donat now expects that the credit services provider will post earnings per share of $1.70 for the quarter, down from their previous estimate of $1.81. Piper Sandler also issued estimates for Mastercard’s Q3 2021 earnings at $1.92 EPS, Q4 2021 earnings at $2.00 EPS, Q1 2022 earnings at $2.04 EPS, Q2 2022 earnings at $2.31 EPS, Q3 2022 earnings at $2.45 EPS, Q4 2022 earnings at $2.70 EPS and Q1 2023 earnings at $2.70 EPS.
A number of other brokerages also recently issued reports on MA. Truist Securities upped their price target on Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Mizuho upped their price target on Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a report on Friday, April 30th. Bank of America raised Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price target for the company in a report on Wednesday, January 6th. Raymond James upped their price target on Mastercard from $345.00 to $371.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Finally, Macquarie boosted their price objective on Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $382.26.
Shares of MA opened at $375.91 on Monday. The stock has a 50 day moving average price of $374.42 and a 200 day moving average price of $346.45. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $373.41 billion, a price-to-earnings ratio of 56.36, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. Mastercard has a 52-week low of $263.96 and a 52-week high of $401.50.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. Mastercard’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, April 8th. Mastercard’s payout ratio is 22.65%.
In other news, insider Sandra A. Arkell sold 2,841 shares of Mastercard stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $385.47, for a total transaction of $1,095,120.27. Following the transaction, the insider now owns 6,321 shares in the company, valued at $2,436,555.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $333.67, for a total value of $19,085,256.66. Following the transaction, the insider now owns 108,210,635 shares in the company, valued at approximately $36,106,642,580.45. The disclosure for this sale can be found here. Insiders sold a total of 339,529 shares of company stock worth $116,725,147 over the last 90 days. Insiders own 3.79% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Veracity Capital LLC raised its holdings in Mastercard by 1.1% in the 1st quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after acquiring an additional 28 shares in the last quarter. Washington Trust Bank lifted its holdings in Mastercard by 0.3% during the 1st quarter. Washington Trust Bank now owns 9,936 shares of the credit services provider’s stock worth $3,537,000 after buying an additional 28 shares in the last quarter. Boenning & Scattergood Inc. lifted its holdings in Mastercard by 1.1% during the 1st quarter. Boenning & Scattergood Inc. now owns 2,501 shares of the credit services provider’s stock worth $890,000 after buying an additional 28 shares in the last quarter. Arbor Wealth Management LLC lifted its holdings in Mastercard by 0.3% during the 1st quarter. Arbor Wealth Management LLC now owns 9,430 shares of the credit services provider’s stock worth $3,358,000 after buying an additional 29 shares in the last quarter. Finally, Bigelow Investment Advisors LLC lifted its holdings in Mastercard by 1.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock worth $855,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.
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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