Mastercard Incorporated (NYSE:MA) – Equities research analysts at Wedbush decreased their Q2 2021 earnings estimates for Mastercard in a research note issued on Thursday, April 29th. Wedbush analyst M. Katri now forecasts that the credit services provider will post earnings per share of $1.85 for the quarter, down from their previous estimate of $1.93. Wedbush also issued estimates for Mastercard’s Q3 2021 earnings at $2.18 EPS, Q2 2022 earnings at $2.46 EPS, Q3 2022 earnings at $2.71 EPS and Q4 2022 earnings at $2.90 EPS.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.19. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business’s revenue was up 4.8% compared to the same quarter last year.
Several other analysts have also issued reports on MA. Bank of America upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Wednesday, January 6th. Macquarie lifted their target price on shares of Mastercard from $385.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 30th. Jefferies Financial Group raised their price target on shares of Mastercard from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Raymond James lifted their price objective on shares of Mastercard from $345.00 to $371.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Finally, Zacks Investment Research raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $358.00 price objective on the stock in a research report on Tuesday, February 16th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $382.26.
NYSE MA opened at $375.91 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $373.41 billion, a price-to-earnings ratio of 56.36, a P/E/G ratio of 2.56 and a beta of 1.19. The firm’s 50 day simple moving average is $374.42 and its 200 day simple moving average is $346.45. Mastercard has a 1 year low of $263.96 and a 1 year high of $401.50.
Hedge funds have recently bought and sold shares of the stock. Welch Group LLC grew its holdings in shares of Mastercard by 20.8% in the first quarter. Welch Group LLC now owns 5,106 shares of the credit services provider’s stock valued at $1,818,000 after purchasing an additional 880 shares in the last quarter. JustInvest LLC boosted its stake in shares of Mastercard by 13.0% during the fourth quarter. JustInvest LLC now owns 9,750 shares of the credit services provider’s stock valued at $3,480,000 after purchasing an additional 1,120 shares during the period. Sculptor Capital LP boosted its stake in shares of Mastercard by 49.5% during the fourth quarter. Sculptor Capital LP now owns 642,826 shares of the credit services provider’s stock valued at $229,450,000 after purchasing an additional 212,874 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Mastercard by 10.4% during the fourth quarter. Raymond James Trust N.A. now owns 18,372 shares of the credit services provider’s stock valued at $6,557,000 after purchasing an additional 1,731 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Mastercard by 1.6% during the fourth quarter. Bessemer Group Inc. now owns 688,208 shares of the credit services provider’s stock valued at $245,649,000 after purchasing an additional 11,103 shares during the period. 73.64% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Gilberto Caldart sold 7,528 shares of the stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $340.00, for a total transaction of $2,559,520.00. Following the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at approximately $3,094,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 10,000 shares of the stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $381.70, for a total transaction of $3,817,000.00. Following the sale, the insider now directly owns 50,449 shares in the company, valued at $19,256,383.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 339,529 shares of company stock valued at $116,725,147. 3.79% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be paid a $0.44 dividend. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a dividend yield of 0.47%. Mastercard’s payout ratio is 22.65%.
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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