Mastercard Incorporated (NYSE:MA) - KeyCorp increased their Q3 2017 earnings per share estimates for Mastercard in a report released on Thursday. KeyCorp analyst J. Beck now anticipates that the credit services provider will post earnings per share of $1.24 for the quarter, up from their prior estimate of $1.19. KeyCorp also issued estimates for Mastercard’s Q4 2017 earnings at $1.01 EPS, FY2017 earnings at $4.35 EPS, Q1 2018 earnings at $1.17 EPS, Q2 2018 earnings at $1.25 EPS, Q3 2018 earnings at $1.45 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $5.05 EPS, Q1 2019 earnings at $1.36 EPS, Q2 2019 earnings at $1.45 EPS and FY2019 earnings at $5.85 EPS.
Other analysts have also recently issued reports about the stock. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research note on Friday, April 14th. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reiterated a “top pick” rating and issued a $130.00 target price on shares of Mastercard in a research note on Friday, June 16th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $137.00 target price (up from $129.00) on shares of Mastercard in a research note on Sunday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $128.20.
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Mastercard (NYSE:MA) opened at 127.80 on Monday. The company has a 50-day moving average of $124.74 and a 200-day moving average of $116.33. Mastercard has a 52 week low of $94.41 and a 52 week high of $132.20. The company has a market capitalization of $136.09 billion, a PE ratio of 31.71 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings data 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. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share.
Institutional investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. acquired a new position in Mastercard during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the period. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter worth about $101,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the period. 75.68% of the stock is currently owned by institutional investors.
In related news, CEO Ajay Banga sold 161,742 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $117.27, for a total transaction of $18,967,484.34. Following the transaction, the chief executive officer now owns 333,495 shares of the company’s stock, valued at approximately $39,108,958.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the transaction, the insider now directly owns 112,473,827 shares in the company, valued at approximately $14,658,713,872.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 629,038 shares of company stock worth $79,003,630. 0.30% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.
About Mastercard
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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