Mastercard Inc (NYSE:MA) Receives Average Rating of “Buy” from Analysts

Mastercard Inc (NYSE:MA) has been given an average recommendation of “Buy” by the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $252.25.

A number of research analysts recently commented on MA shares. Wedbush increased their target price on shares of Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Deutsche Bank raised their price objective on shares of Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Co raised their price objective on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Oppenheimer raised their price objective on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, Raymond James raised their price objective on shares of Mastercard from $247.00 to $278.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th.

Mastercard stock traded up $0.68 during mid-day trading on Friday, reaching $260.41. 319,861 shares of the company’s stock were exchanged, compared to its average volume of 4,038,143. The firm has a market capitalization of $266.01 billion, a P/E ratio of 40.12, a P/E/G ratio of 2.10 and a beta of 1.10. Mastercard has a twelve month low of $171.89 and a twelve month high of $269.85. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $255.35.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Mastercard will post 7.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is 20.34%.

In related news, Vice Chairman Ann Cairns sold 51,850 shares of the business’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 value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the sale, the director now owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 368,268 shares of company stock valued at $92,309,225. 0.32% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Horizon Investments LLC lifted its position in shares of Mastercard by 146.1% during the first quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after purchasing an additional 2,349 shares in the last quarter. Clarius Group LLC raised its holdings in Mastercard by 45.9% in the fourth quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock valued at $444,000 after acquiring an additional 741 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Mastercard by 1.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock valued at $1,860,000 after acquiring an additional 101 shares in the last quarter. FTB Advisors Inc. raised its holdings in Mastercard by 5.1% in the fourth quarter. FTB Advisors Inc. now owns 1,271 shares of the credit services provider’s stock valued at $239,000 after acquiring an additional 62 shares in the last quarter. Finally, Fort L.P. raised its holdings in Mastercard by 73.5% in the fourth quarter. Fort L.P. now owns 8,274 shares of the credit services provider’s stock valued at $1,561,000 after acquiring an additional 3,506 shares in the last quarter. 74.33% 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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Analyst Recommendations for Mastercard (NYSE:MA)

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