MasterCard Inc. (MA) Given “Buy” Rating at Jefferies Group
MasterCard Inc. (NYSE:MA)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a research note issued on Thursday. They presently have a $112.00 target price on the stock. Jefferies Group’s price objective points to a potential upside of 12.48% from the company’s previous close.
In related news, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the transaction, the insider now directly owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the completion of the transaction, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.
Other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in MasterCard during the fourth quarter valued at $767,811,000. Bank of Montreal Can bought a new position in MasterCard during the second quarter valued at $217,521,000. Vontobel Asset Management Inc. increased its position in MasterCard by 21.8% in the first quarter. Vontobel Asset Management Inc. now owns 6,161,209 shares of the company’s stock valued at $600,680,000 after buying an additional 1,101,307 shares during the last quarter. Carmignac Gestion increased its position in MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock valued at $527,831,000 after buying an additional 1,047,867 shares during the last quarter. Finally, Findlay Park Partners LLP increased its position in MasterCard by 94.7% in the first quarter. Findlay Park Partners LLP now owns 1,850,000 shares of the company’s stock valued at $174,825,000 after buying an additional 900,000 shares during the last quarter. 75.48% of the stock is owned by hedge funds and other institutional investors.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/mastercard-inc-ma-given-buy-rating-at-jefferies-group.html
Shares of MasterCard (NYSE:MA) opened at 100.49 on Thursday. The firm has a market cap of $110.31 billion and a P/E ratio of 29.48. The firm has a 50-day moving average price of $95.82 and a 200 day moving average price of $93.90. MasterCard has a one year low of $78.52 and a one year high of $101.76.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. During the same period last year, the company earned $0.85 EPS. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts forecast that MasterCard will post $3.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, July 6th.
Several other equities research analysts also recently issued reports on the company. Nomura boosted their price objective on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a report on Thursday. Barclays PLC boosted their price objective on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird boosted their price objective on MasterCard from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Investment Research downgraded MasterCard from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of MasterCard in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. MasterCard currently has an average rating of “Buy” and a consensus target price of $108.73.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
Receive News & Ratings for MasterCard Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MasterCard Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.