FY2024 EPS Estimates for Mastercard Lifted by William Blair

Mastercard Incorporated (NYSE:MA) – Equities researchers at William Blair upped their FY2024 earnings estimates for shares of Mastercard in a report issued on Thursday, October 31st. William Blair analyst A. Jeffrey now anticipates that the credit services provider will post earnings per share of $14.53 for the year, up from their previous estimate of $14.38. William Blair has a “Strong-Buy” rating on the stock. The consensus estimate for Mastercard’s current full-year earnings is $14.35 per share. William Blair also issued estimates for Mastercard’s Q4 2024 earnings at $3.75 EPS, Q1 2025 earnings at $3.70 EPS, Q2 2025 earnings at $4.16 EPS, Q3 2025 earnings at $4.38 EPS, Q4 2025 earnings at $4.52 EPS, FY2025 earnings at $16.76 EPS and FY2026 earnings at $19.49 EPS.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their target price on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Stock Performance

Shares of Mastercard stock opened at $505.58 on Monday. The company has a market cap of $467.08 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard has a 52 week low of $384.20 and a 52 week high of $527.90. The business has a 50 day moving average price of $496.51 and a 200-day moving average price of $467.30.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the business posted $3.39 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year.

Institutional Investors Weigh In On Mastercard

A number of large investors have recently added to or reduced their stakes in MA. International Assets Investment Management LLC boosted its position in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Swedbank AB purchased a new stake in Mastercard during the 1st quarter valued at about $660,652,000. PineStone Asset Management Inc. grew its position in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Mastercard in the 2nd quarter worth approximately $259,071,000. Finally, Capital World Investors lifted its position in Mastercard by 13.3% in the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction 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 sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction 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 sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is currently 19.97%.

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.