Jefferies Financial Group Weighs in on Mastercard Incorporated’s FY2022 Earnings (NYSE:MA)

Mastercard Incorporated (NYSE:MA – Get Rating) – Analysts at Jefferies Financial Group increased their FY2022 earnings per share estimates for shares of Mastercard in a report released on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will earn $10.58 per share for the year, up from their previous estimate of $10.52. Jefferies Financial Group currently has a “Buy” rating and a $430.00 price target on the stock. The consensus estimate for Mastercard’s current full-year earnings is $10.58 per share. Jefferies Financial Group also issued estimates for Mastercard’s FY2023 earnings at $12.18 EPS and FY2024 earnings at $14.08 EPS.

A number of other research analysts also recently commented on the company. Citigroup lowered their price objective on Mastercard from $415.00 to $400.00 in a research note on Friday, October 28th. Keefe, Bruyette & Woods lowered their price objective on Mastercard from $445.00 to $388.00 in a research note on Monday, October 10th. UBS Group lowered their price objective on Mastercard from $456.00 to $441.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Redburn Partners initiated coverage on Mastercard in a research note on Tuesday, November 29th. They issued a “neutral” rating for the company. Finally, Wolfe Research increased their price target on Mastercard from $395.00 to $415.00 in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $405.23.

Mastercard Price Performance

Shares of MA opened at $376.28 on Thursday. The company has a market cap of $361.78 billion, a P/E ratio of 37.59, a PEG ratio of 1.68 and a beta of 1.10. The stock has a fifty day moving average price of $353.48 and a 200 day moving average price of $334.42. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. Mastercard has a 12 month low of $276.87 and a 12 month high of $399.92.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.11. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%.

Institutional Investors Weigh In On Mastercard

Several hedge funds have recently bought and sold shares of MA. Bishop Rock Capital L.P. lifted its stake in Mastercard by 32,213.1% in the 2nd quarter. Bishop Rock Capital L.P. now owns 4,889,940 shares of the credit services provider’s stock worth $15,500,000 after acquiring an additional 4,874,807 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Mastercard by 13.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 26,909,008 shares of the credit services provider’s stock worth $8,489,253,000 after purchasing an additional 3,102,135 shares during the last quarter. Egerton Capital UK LLP increased its position in Mastercard by 181.5% in the 2nd quarter. Egerton Capital UK LLP now owns 2,404,051 shares of the credit services provider’s stock worth $758,430,000 after purchasing an additional 1,550,025 shares during the last quarter. Jennison Associates LLC increased its position in Mastercard by 18.2% in the 2nd quarter. Jennison Associates LLC now owns 7,752,362 shares of the credit services provider’s stock worth $2,445,715,000 after purchasing an additional 1,193,676 shares during the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in Mastercard in the 3rd quarter worth about $237,635,000. 74.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the completion of the sale, the insider now directly owns 11,207 shares of the company’s stock, valued at $3,586,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the completion of the sale, the insider now directly owns 11,207 shares of the company’s stock, valued at $3,586,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 177,211 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $319.89, for a total value of $56,688,026.79. Following the completion of the sale, the insider now directly owns 102,566,047 shares of the company’s stock, valued at $32,809,852,774.83. The disclosure for this sale can be found here. Insiders sold a total of 367,819 shares of company stock valued at $117,733,271 over the last three months. Insiders own 0.29% of the company’s stock.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Stockholders of record on Monday, January 9th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.61%. This is an increase from Mastercard’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, January 6th. Mastercard’s dividend payout ratio is currently 22.78%.

About Mastercard

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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 other payment-related products and services.