Morgan Stanley Raises Mastercard (MA) Price Target to $228.00

Mastercard (NYSE:MA) had its target price lifted by Morgan Stanley from $224.00 to $228.00 in a research note issued to investors on Friday, July 27th. The firm currently has an overweight rating on the credit services provider’s stock.

Other research analysts also recently issued reports about the company. Bank of America boosted their price target on Mastercard from $195.00 to $210.00 and gave the company a buy rating in a report on Friday, May 4th. SunTrust Banks boosted their price target on Mastercard to $215.00 and gave the company a buy rating in a report on Thursday, May 3rd. Nomura boosted their price target on Mastercard to $213.00 and gave the company a buy rating in a report on Thursday, May 3rd. Loop Capital upped their target price on Mastercard to $208.00 and gave the stock a buy rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised Mastercard from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $202.70.

Mastercard traded down $0.95, reaching $202.65, during trading hours on Friday, MarketBeat.com reports. The company had a trading volume of 2,567,042 shares, compared to its average volume of 3,624,020. Mastercard has a 1-year low of $127.86 and a 1-year high of $214.28. The company has a market capitalization of $211.43 billion, a PE ratio of 36.10, a PEG ratio of 1.68 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Mastercard’s revenue for the quarter was up 20.0% on a year-over-year basis. equities research analysts predict that Mastercard will post 6.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 9th. Investors of record on Monday, July 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s dividend payout ratio is currently 21.83%.

In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the transaction, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of MA. FMR LLC grew its holdings in Mastercard by 6.0% in the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after buying an additional 2,229,947 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in Mastercard by 19,937.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after buying an additional 1,317,472 shares in the last quarter. BlackRock Inc. grew its holdings in Mastercard by 1.9% in the 1st quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock valued at $11,311,482,000 after buying an additional 1,232,199 shares in the last quarter. GQG Partners LLC grew its holdings in Mastercard by 270.9% in the 1st quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock valued at $242,336,000 after buying an additional 1,010,530 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Mastercard by 56.8% in the 4th quarter. Deutsche Bank AG now owns 2,608,935 shares of the credit services provider’s stock valued at $394,881,000 after buying an additional 944,924 shares in the last quarter. Institutional investors own 74.82% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Read More: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Mastercard (NYSE:MA)

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