Mastercard Incorporated (NYSE:MA) – Equities research analysts at Oppenheimer Holdings cut their Q3 2017 earnings per share estimates for Mastercard in a report released on Thursday. Oppenheimer Holdings analyst G. Greene now expects that the credit services provider will post earnings of $1.21 per share for the quarter, down from their prior estimate of $1.22. Oppenheimer Holdings has a “Outperform” rating on the stock. Oppenheimer Holdings also issued estimates for Mastercard’s Q4 2017 earnings at $1.08 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $1.12 EPS, Q2 2018 earnings at $1.27 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.26 EPS and FY2018 earnings at $5.05 EPS.
A number of other research analysts have also weighed in on MA. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a report on Monday. Cowen and Company reaffirmed an “outperform” rating and set a $137.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Sunday. BMO Capital Markets upped their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. Finally, Loop Capital upped their price objective on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $128.20.
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Mastercard (NYSE MA) opened at 127.80 on Monday. The stock has a market cap of $136.09 billion, a price-to-earnings ratio of 31.71 and a beta of 1.17. The stock’s 50 day moving average price is $124.74 and its 200-day moving average price is $116.33. Mastercard has a 12 month low of $94.41 and a 12 month high of $132.20.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue was up 13.3% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in MA. Glassman Wealth Services increased its position in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the period. Norway Savings Bank increased its position in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares during the period. Genesee Valley Trust Co. increased its position in Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock valued at $702,000 after buying an additional 18 shares during the period. Concert Wealth Management Inc. increased its position in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares during the period. Finally, Berkshire Asset Management LLC PA increased its position in Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 75.68% of the company’s stock.
In other news, CEO Ajay Banga sold 161,742 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total value of $18,967,484.34. Following the sale, the chief executive officer now directly owns 333,495 shares in the company, valued at $39,108,958.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78. Following the completion of the sale, the insider now owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Insiders sold 629,038 shares of company stock worth $79,003,630 over the last 90 days. Company insiders own 0.30% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio is currently 21.78%.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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