Published On: Thu, Sep 8th, 2016

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.

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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.

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