Mastercard (NYSE:MA) Price Target Increased to $312.00 by Analysts at UBS Group

Mastercard (NYSE:MA) had its price objective hoisted by UBS Group from $300.00 to $312.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the credit services provider’s stock.

Other analysts also recently issued reports about the company. Raymond James upped their target price on Mastercard from $300.00 to $308.00 and gave the company an outperform rating in a research report on Wednesday. Bank of America upped their target price on Mastercard from $255.00 to $267.00 and gave the company a neutral rating in a research report on Monday, June 17th. Argus upped their target price on Mastercard to $320.00 and gave the company an average rating in a research report on Wednesday. Wells Fargo & Co upped their target price on Mastercard from $285.00 to $305.00 and gave the company an outperform rating in a research report on Wednesday, July 10th. Finally, Oppenheimer upped their target price on Mastercard from $242.00 to $259.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $287.20.

NYSE MA traded down $4.71 during trading on Thursday, hitting $269.45. The stock had a trading volume of 4,044,007 shares, compared to its average volume of 3,489,293. The firm has a market cap of $284.15 billion, a P/E ratio of 41.52, a PEG ratio of 2.18 and a beta of 1.07. The company has a 50-day moving average price of $271.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.41. Mastercard has a 12 month low of $171.89 and a 12 month high of $283.33.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 137.10% and a net margin of 42.71%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. Sell-side analysts expect that Mastercard will post 7.6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.49%. Mastercard’s payout ratio is currently 20.34%.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the transaction, the insider now owns 134,120 shares in the company, valued at $34,844,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the firm’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 value of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,921 shares of company stock worth $37,322,422. Corporate insiders own 3.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of MA. Financial Sense Advisors Inc. bought a new stake in Mastercard during the second quarter worth $482,000. Institute for Wealth Management LLC. lifted its holdings in Mastercard by 1.6% during the second quarter. Institute for Wealth Management LLC. now owns 7,095 shares of the credit services provider’s stock worth $1,877,000 after acquiring an additional 110 shares during the period. Markel Corp lifted its holdings in Mastercard by 3.5% during the second quarter. Markel Corp now owns 194,600 shares of the credit services provider’s stock worth $51,477,000 after acquiring an additional 6,500 shares during the period. Holderness Investments Co. lifted its holdings in Mastercard by 6.9% during the second quarter. Holderness Investments Co. now owns 8,326 shares of the credit services provider’s stock worth $2,202,000 after acquiring an additional 535 shares during the period. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in Mastercard by 35.2% during the second quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 1,460 shares of the credit services provider’s stock worth $386,000 after acquiring an additional 380 shares during the period. Institutional investors own 74.41% 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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Analyst Recommendations for Mastercard (NYSE:MA)

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