Mastercard (MA) Lowered to Sell at Vetr

Vetr cut shares of Mastercard (NYSE:MA) from a hold rating to a sell rating in a research note released on Wednesday morning. The firm currently has $158.70 price objective on the credit services provider’s stock.

MA has been the topic of a number of other research reports. Citigroup raised their target price on shares of Mastercard from $157.00 to $167.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Robert W. Baird raised their target price on shares of Mastercard from $150.00 to $170.00 and gave the stock an outperform rating in a research report on Monday, October 16th. Piper Jaffray Companies restated a buy rating and set a $161.00 target price on shares of Mastercard in a research report on Friday, October 13th. Stephens initiated coverage on shares of Mastercard in a research report on Friday, October 13th. They set an overweight rating and a $166.00 target price on the stock. Finally, Zacks Investment Research raised shares of Mastercard from a hold rating to a buy rating and set a $170.00 price target on the stock in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the stock. Mastercard presently has a consensus rating of Buy and an average target price of $162.22.

Shares of Mastercard (MA) opened at $166.83 on Wednesday. Mastercard has a 1 year low of $104.01 and a 1 year high of $166.95. The stock has a market cap of $176,616.58, a P/E ratio of 38.80, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business earned $1.08 earnings per share. Mastercard’s revenue was up 18.1% compared to the same quarter last year. analysts forecast that Mastercard will post 4.55 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is currently 23.26%.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Several hedge funds have recently modified their holdings of MA. Johanson Financial Advisors Inc. grew its holdings in Mastercard by 1.4% during the 2nd quarter. Johanson Financial Advisors Inc. now owns 20,138 shares of the credit services provider’s stock valued at $2,442,000 after purchasing an additional 278 shares in the last quarter. Appleton Partners Inc. MA grew its holdings in Mastercard by 54.3% during the 2nd quarter. Appleton Partners Inc. MA now owns 9,311 shares of the credit services provider’s stock valued at $1,131,000 after purchasing an additional 3,275 shares in the last quarter. Pennsylvania Trust Co grew its holdings in Mastercard by 378.5% during the 2nd quarter. Pennsylvania Trust Co now owns 99,215 shares of the credit services provider’s stock valued at $12,050,000 after purchasing an additional 78,482 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Mastercard by 350.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 28,457 shares of the credit services provider’s stock valued at $3,456,000 after purchasing an additional 22,136 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Mastercard during the 2nd quarter valued at $457,000. 75.61% of the stock is currently owned by institutional investors and hedge funds.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

To view Vetr’s full report, visit Vetr’s official website.

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