Mastercard Incorporated (NYSE: MA) – Investment analysts at Piper Sandler raised their 21-year fiscal earnings per share (EPS) estimates for Mastercard shares in a report released Wednesday, April 7. Piper Sandler analyst K. Donut now predicts that the credit provider will post earnings of $ 7.46 per share for the year, up from their previous forecast of $ 7.40.
MA has been the subject of a number of other reports. Morgan Stanley raised its target price for Mastercard shares from $ 377 to $ 412 and gave the company an “overweight” rating in a policy note on Monday 22 March. Truist Securities raised its target price for Mastercard from $ 415 to $ 450 and gave the company a Buy rating in a policy note on Tuesday March 9th. Deutsche Bank Aktiengesellschaft raised its target price for Mastercard shares from $ 383 to $ 420 and gave the company a Buy rating in a policy note on Thursday, January 14. Barclays raised its target price for Mastercard shares from $ 360 to $ 380 and gave the company an “outweigh” rating in a research report on Monday, January 25. Finally, Sanford S. Bernstein began coverage of Mastercard shares in his research report on Wednesday, January 27th. They set a “better than market” rating and a target price of $ 380. Four analysts gave the stock a “hold” rating and twenty-seven a “buy” rating. The stock currently has an average Buy rating and an agreed price target of $ 367.26.
Mastercard shares opened on Thursday at $ 371.08. The annual Mastercard minimum is $ 244.10 and the annual maximum is $ 389.50. The company has a market capitalization of $ 368.62 billion, a price-earnings ratio of 55.63, a price-to-earnings ratio of 2.56, and a beta of 1.19. The fifty-day moving average is $ 360.98 and the two-hundred-day moving average is $ 340.56. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt to equity ratio of 2.15. Mastercard (NYSE: MA) last released quarterly earnings data on Thursday, January 28th. The credit provider reported earnings of $ 1.64 per share for the quarter, up $ 0.13 above the analyst consensus of $ 1.51. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm’s revenue for the quarter was $ 4.12 billion, compared with an analyst estimate of $ 4.01 billion. During the same period last year, earnings per share were $ 2.07. The company’s quarterly revenue decreased by 6.7% compared to the same quarter last year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Shareholders who register shares on Friday, April 9, will receive a dividend of $ 0.44. The ex-dividend date is Thursday, April 8th. This represents an annual dividend of $ 1.76 and a dividend yield of 0.47%. The Mastercard payout ratio is 22.65%.
In related news, insider Gilberto Caldart sold 7,528 shares of the company in a deal that took place on Thursday, February 4. The shares were sold at an average price of US $ 340.00 for a total transaction amount of US $ 2,559,520.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company for $ 3,094,000. The sale was disclosed in filings with the SEC, which can be accessed at this hyperlink. In addition, insider Michael Frakkaro sold 1,374 shares of the company in a deal that took place on Monday 5 April. The shares were sold at an average price of US $ 370 for a total transaction amount of US $ 508,380. Following the transaction, the insider now directly owns 7,640 shares of the company, valued at approximately $ 2,826,800. Disclosures about this sale can be found here. In the last quarter, insiders sold 768,468 shares of the company for $ 254,295,843. Corporate insiders own 3.79% of the company’s shares.
A number of major investors have recently changed their MA packages. Norges Bank acquired a new position in Mastercard in the fourth quarter for approximately US $ 3,290,758,000. Morgan Stanley increased its stake in Mastercard by 14.6% in the fourth quarter. Morgan Stanley now owns 17,118,275 shares in the credit service provider for $ 6,110,200,000 following the acquisition of an additional 2,181,047 shares in the last quarter. Pension Investment Council of Canada increased its stake in Mastercard by 18.2% in the fourth quarter. Pension Investment Board of Canada now owns 6,265,443 shares in the credit service provider for $ 2,236,387,000 following the acquisition of an additional 965,165 shares in the last quarter. Lone Pine Capital LLC increased its stake in Mastercard by 54.2% in the fourth quarter. Lone Pine Capital LLC now owns 2,719,397 shares in the credit service provider for $ 970,662,000 after acquiring an additional 955,826 shares in the last quarter. Finally, Ownership Capital BV increased its Mastercard position by 37.5% in the fourth quarter. Ownership Capital BV now holds 1,769,440 shares in the credit provider for US $ 161,426,000 after acquiring an additional 482,250 shares during the last quarter. 73.64% of the shares are owned by institutional investors.
About Mastercard
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and abroad. It facilitates the processing of payment transactions, including authorization, clearing and settlement, and provides related products and services.
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