Mastercard (NYSE:MA) Now Covered by Analysts at Macquarie

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Equities research analysts at Macquarie initiated coverage on shares of Mastercard (NYSE:MA) in a report issued on Tuesday, The Fly reports. The firm set an “outperform” rating on the credit services provider’s stock.

MA has been the topic of several other reports. Guggenheim set a $305.00 target price on Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a report on Monday, December 23rd. Wells Fargo & Co lifted their price objective on Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Oppenheimer lifted their price objective on Mastercard from $312.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their price objective on Mastercard from $317.00 to $338.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $317.64.

Shares of NYSE:MA opened at $323.66 on Tuesday. The company has a market cap of $326.53 billion, a P/E ratio of 48.02, a PEG ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard has a one year low of $196.60 and a one year high of $324.03. The business’s 50-day simple moving average is $300.97 and its 200 day simple moving average is $282.41.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.01 by $0.14. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. Analysts predict that Mastercard will post 7.69 earnings per share for the current year.

Mastercard declared that its Board of Directors has approved a stock repurchase program on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other news, major shareholder Foundation Mastercard sold 7,542 shares of Mastercard stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $261.82, for a total value of $1,974,646.44. Following the completion of the transaction, the insider now owns 111,969,978 shares in the company, valued at approximately $29,315,979,639.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $280.00, for a total value of $1,400,000.00. Following the completion of the transaction, the director now owns 32,119 shares of the company’s stock, valued at approximately $8,993,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,096 shares of company stock valued at $56,758,009. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Alpha Cubed Investments LLC raised its stake in shares of Mastercard by 31.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 4,816 shares of the credit services provider’s stock worth $1,438,000 after buying an additional 1,149 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mastercard by 4.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 55,188 shares of the credit services provider’s stock worth $16,478,000 after buying an additional 2,274 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Mastercard by 17.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 2,752 shares of the credit services provider’s stock worth $822,000 after buying an additional 408 shares in the last quarter. Manchester Financial Inc. bought a new stake in shares of Mastercard in the 4th quarter worth $167,000. Finally, Arden Trust Co raised its stake in shares of Mastercard by 8.8% in the 4th quarter. Arden Trust Co now owns 1,637 shares of the credit services provider’s stock worth $489,000 after buying an additional 132 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.

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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