Mastercard (NYSE:MA) PT Raised to $291.00

Mastercard (NYSE:MA) had its price objective raised by Morgan Stanley from $269.00 to $291.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the credit services provider’s stock.

A number of other analysts also recently commented on the company. Citigroup upped their target price on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Wells Fargo & Co upped their target price on Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday. BMO Capital Markets restated a hold rating and issued a $45.00 target price on shares of SAP in a research note on Wednesday, May 1st. Zacks Investment Research downgraded HEXO from a hold rating to a sell rating in a research note on Wednesday, May 15th. Finally, Oppenheimer set a $119.00 target price on American Express and gave the stock a buy rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Mastercard currently has a consensus rating of Buy and an average target price of $258.96.

Shares of MA opened at $279.54 on Thursday. Mastercard has a 52 week low of $171.89 and a 52 week high of $279.74. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $285.56 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.07. The business has a 50-day moving average of $262.25.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio is currently 20.34%.

In other Mastercard news, insider Gilberto Caldart sold 46,772 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $241.06, for a total transaction of $11,274,858.32. Following the completion of the transaction, the insider now owns 22,280 shares of the company’s stock, valued at $5,370,816.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 8,314 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $266.03, for a total value of $2,211,773.42. Following the transaction, the insider now directly owns 33,047 shares of the company’s stock, valued at approximately $8,791,493.41. The disclosure for this sale can be found here. Insiders have sold 366,221 shares of company stock worth $92,047,063 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Horizon Investments LLC raised its holdings 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 valued at $930,000 after acquiring an additional 2,349 shares during the last quarter. Clarius Group LLC raised its holdings in shares of Mastercard by 45.9% during 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 during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Mastercard by 1.0% during 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 during the last quarter. FTB Advisors Inc. raised its holdings in shares of Mastercard by 5.1% during 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 during the last quarter. Finally, Fort L.P. raised its holdings in shares of Mastercard by 73.5% during 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 during the last quarter. 74.32% of the stock is owned by institutional investors and hedge funds.

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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