Mastercard (NYSE:MA) Price Target Raised to $435.00

Mastercard (NYSE:MA) had its target price hoisted by Mizuho from $430.00 to $435.00 in a research note published on Friday morning, The Fly reports. The firm currently has a buy rating on the credit services provider’s stock.

Several other research analysts also recently weighed in on MA. Wells Fargo & Company upped their price objective on shares of Mastercard from $350.00 to $400.00 and gave the stock an overweight rating in a report on Monday, January 4th. Zacks Investment Research upgraded shares of Mastercard from a sell rating to a hold rating and set a $358.00 target price for the company in a report on Tuesday, February 16th. Sanford C. Bernstein started coverage on shares of Mastercard in a report on Wednesday, January 27th. They issued an outperform rating and a $380.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $383.00 to $420.00 and gave the company a buy rating in a report on Thursday, January 14th. Finally, Bank of America upgraded shares of Mastercard from a neutral rating to a buy rating and set a $400.00 target price for the company in a report on Wednesday, January 6th. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $382.26.

MA opened at $379.40 on Friday. 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 company’s fifty day moving average price is $374.49 and its two-hundred day moving average price is $346.25. Mastercard has a 1-year low of $263.01 and a 1-year high of $401.50. The company has a market cap of $376.88 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 2.56 and a beta of 1.19.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.19. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that Mastercard will post 6.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 9th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a yield of 0.46%. Mastercard’s payout ratio is presently 22.65%.

In other Mastercard news, insider Gilberto Caldart sold 7,528 shares of Mastercard stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $340.00, for a total transaction of $2,559,520.00. Following the transaction, the insider now directly owns 9,100 shares of the company’s stock, valued at $3,094,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 171,594 shares of Mastercard stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $327.73, for a total transaction of $56,236,501.62. Following the transaction, the insider now directly owns 108,382,229 shares in the company, valued at $35,520,107,910.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 511,123 shares of company stock valued at $172,961,649. 3.79% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Adell Harriman & Carpenter Inc. raised its stake in shares of Mastercard by 1.3% during the first quarter. Adell Harriman & Carpenter Inc. now owns 23,996 shares of the credit services provider’s stock worth $8,544,000 after acquiring an additional 297 shares in the last quarter. Wisconsin Capital Management LLC raised its stake in shares of Mastercard by 11.1% during the first quarter. Wisconsin Capital Management LLC now owns 33,702 shares of the credit services provider’s stock worth $12,000,000 after acquiring an additional 3,367 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Mastercard by 7.6% during the first quarter. Winch Advisory Services LLC now owns 4,783 shares of the credit services provider’s stock worth $1,703,000 after acquiring an additional 338 shares in the last quarter. Nicolet Bankshares Inc. increased its stake in shares of Mastercard by 7.6% in the first quarter. Nicolet Bankshares Inc. now owns 4,875 shares of the credit services provider’s stock worth $1,736,000 after buying an additional 345 shares during the period. Finally, Bray Capital Advisors increased its stake in shares of Mastercard by 7.4% in the first quarter. Bray Capital Advisors now owns 3,362 shares of the credit services provider’s stock worth $1,197,000 after buying an additional 233 shares during the period. 73.64% 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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