Mastercard Incorporated (NYSE:MA) – Research analysts at Jefferies Financial Group issued their FY2023 earnings per share (EPS) estimates for shares of Mastercard in a research note issued to investors on Wednesday, January 13th. Jefferies Financial Group analyst T. Williams expects that the credit services provider will post earnings of $13.26 per share for the year. Jefferies Financial Group has a “Buy” rating and a $415.00 price target on the stock.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.05). Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.94 billion.
MA stock traded down $3.17 during trading on Thursday, reaching $343.16. 35,393 shares of the stock were exchanged, compared to its average volume of 3,681,645. Mastercard has a twelve month low of $199.99 and a twelve month high of $367.25. The company has a market capitalization of $342.10 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 3.09 and a beta of 1.19. The stock has a 50 day simple moving average of $341.65 and a 200-day simple moving average of $329.50. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 9th. Stockholders of record on Friday, January 8th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, January 7th. This is an increase from Mastercard’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 0.51%. Mastercard’s payout ratio is presently 22.65%.
Mastercard announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 8th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, insider Edward Grunde Mclaughlin sold 13,248 shares of the firm’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $350.73, for a total value of $4,646,471.04. Following the transaction, the insider now owns 38,447 shares of the company’s stock, valued at approximately $13,484,516.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,300 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $299.09, for a total transaction of $27,007,827.00. Following the completion of the transaction, the insider now directly owns 109,336,513 shares in the company, valued at approximately $32,701,457,673.17. The disclosure for this sale can be found here. Insiders sold a total of 494,858 shares of company stock worth $156,949,220 in the last 90 days. 3.79% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of MA. Weil Company Inc. raised its holdings in shares of Mastercard by 2.0% in the 3rd quarter. Weil Company Inc. now owns 1,551 shares of the credit services provider’s stock worth $524,000 after purchasing an additional 31 shares during the period. Professional Financial Advisors LLC lifted its position in shares of Mastercard by 1.4% during the 3rd quarter. Professional Financial Advisors LLC now owns 2,293 shares of the credit services provider’s stock valued at $662,000 after acquiring an additional 32 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Mastercard by 0.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 7,045 shares of the credit services provider’s stock worth $2,382,000 after purchasing an additional 32 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in Mastercard by 1.1% in the 3rd quarter. Lakeview Capital Partners LLC now owns 3,174 shares of the credit services provider’s stock worth $1,073,000 after purchasing an additional 36 shares in the last quarter. Finally, Frisch Financial Group Inc. increased its stake in Mastercard by 5.0% in the 3rd quarter. Frisch Financial Group Inc. now owns 760 shares of the credit services provider’s stock worth $257,000 after purchasing an additional 36 shares in the last quarter. 67.87% of the stock is currently owned by hedge funds and other institutional investors.
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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