Mastercard (NYSE:MA) PT Raised to $300.00 at Raymond James

Mastercard (NYSE:MA) had its price objective hoisted by Raymond James from $284.00 to $300.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the credit services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co increased their price objective on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a report on Wednesday, July 10th. BMO Capital Markets reissued a hold rating and set a $45.00 price objective on shares of SAP in a report on Wednesday, May 1st. Morgan Stanley increased their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Wedbush increased their price objective on shares of Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a report on Thursday, June 13th. Finally, Zacks Investment Research lowered shares of HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $263.26.

MA opened at $275.60 on Thursday. The stock has a 50-day moving average price of $265.78. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. Mastercard has a twelve month low of $171.89 and a twelve month high of $280.63. The company has a market cap of $281.53 billion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07.



Mastercard (NYSE:MA) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard will post 7.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s dividend payout ratio is 20.34%.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ajay Banga sold 252,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the sale, the chief executive officer now owns 427,638 shares in the company, valued at $107,302,926.96. The disclosure for this sale can be found here. Insiders sold a total of 382,121 shares of company stock worth $96,460,426 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Valley National Advisers Inc. grew its stake in shares of Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 97 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. Ellis Investment Partners LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $30,000. Evolution Wealth Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Finally, Delphi Private Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.

About Mastercard

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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