William Blair restated their outperform rating on shares of Mastercard (NYSE:MA – Free Report) in a report published on Monday,RTT News reports. William Blair also issued estimates for Mastercard’s Q4 2024 earnings at $3.73 EPS, FY2024 earnings at $14.51 EPS, Q1 2025 earnings at $3.56 EPS, Q2 2025 earnings at $4.04 EPS, Q3 2025 earnings at $4.23 EPS, Q4 2025 earnings at $4.34 EPS, FY2025 earnings at $16.15 EPS, Q1 2026 earnings at $4.20 EPS, Q2 2026 earnings at $4.73 EPS, Q3 2026 earnings at $5.01 EPS and FY2026 earnings at $19.09 EPS.
Several other equities research analysts have also recently weighed in on the company. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup raised their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. BMO Capital Markets increased their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price target on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.
Check Out Our Latest Research Report on Mastercard
Mastercard Stock Performance
Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the firm earned $3.39 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts predict that Mastercard will post 14.47 earnings per share for the current year.
Mastercard Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.
Insider Transactions at Mastercard
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.
Institutional Investors Weigh In On Mastercard
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth about $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC grew its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.
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