Mastercard (NYSE:MA) – Stock analysts at Jefferies Group dropped their Q1 2018 EPS estimates for Mastercard in a research note issued on Tuesday, April 17th. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will post earnings of $1.26 per share for the quarter, down from their prior estimate of $1.30.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Wednesday, January 24th. Cowen restated a “buy” rating and set a $171.00 price objective on shares of Mastercard in a research report on Friday, January 12th. Barclays restated a “buy” rating and set a $170.00 price objective on shares of Mastercard in a research report on Friday, January 5th. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Guggenheim restated a “buy” rating and set a $201.00 price objective on shares of Mastercard in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $179.78.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS.
A number of institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Mastercard by 31.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 89,369 shares of the credit services provider’s stock worth $13,527,000 after purchasing an additional 21,262 shares during the period. Certified Advisory Corp purchased a new stake in shares of Mastercard in the 4th quarter worth about $2,158,000. D.B. Root & Company LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $211,000. KCM Investment Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $219,000. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Mastercard by 5.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 193,241 shares of the credit services provider’s stock worth $29,249,000 after purchasing an additional 10,742 shares during the period. 76.05% of the stock is currently owned by institutional investors and hedge funds.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Fraccaro sold 3,993 shares of the firm’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total transaction of $692,266.41. Following the completion of the sale, the insider now directly owns 5,353 shares in the company, valued at approximately $928,049.61. The disclosure for this sale can be found here. In the last three months, insiders sold 45,571 shares of company stock worth $8,174,328. Insiders own 0.30% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
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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