Deutsche Bank Raises Mastercard (NYSE:MA) Price Target to $330.00

Mastercard (NYSE:MA) had its price target increased by Deutsche Bank from $267.00 to $330.00 in a report published on Thursday, The Fly reports. Deutsche Bank currently has a buy rating on the credit services provider’s stock.

MA has been the topic of a number of other research reports. Oppenheimer set a $119.00 price objective on shares of American Express and gave the company a buy rating in a research note on Wednesday, April 17th. Wells Fargo & Co raised their price objective on shares of Apollo Global Management from $38.00 to $42.00 and gave the company an outperform rating in a research note on Wednesday. Citigroup raised their price objective on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a buy rating in a research note on Wednesday, May 1st. UBS Group raised their price objective on shares of Tableau Software to $134.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Finally, Bank of America raised their price objective on shares of Visa from $177.00 to $192.00 and gave the company a buy rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $258.96.

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

Mastercard (NYSE:MA) last posted 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 business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Mastercard will post 7.6 EPS for the current fiscal year.

The firm 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s payout ratio is 20.34%.

In related news, insider Gilberto Caldart sold 46,772 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $241.06, for a total transaction of $11,274,858.32. Following the completion of the sale, the insider now directly owns 22,280 shares in the company, valued at $5,370,816.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $13,470,630.00. Following the sale, the insider now owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold 366,221 shares of company stock valued at $92,047,063 over the last 90 days. 0.32% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. E&G Advisors LP boosted its stake in Mastercard by 9.4% in the 2nd quarter. E&G Advisors LP now owns 1,750 shares of the credit services provider’s stock worth $463,000 after purchasing an additional 150 shares during the period. Altman Advisors Inc. boosted its stake in Mastercard by 1.2% in the 2nd quarter. Altman Advisors Inc. now owns 8,713 shares of the credit services provider’s stock worth $2,305,000 after purchasing an additional 101 shares during the period. Country Club Trust Company n.a. boosted its stake in Mastercard by 3.6% in the 2nd quarter. Country Club Trust Company n.a. now owns 4,107 shares of the credit services provider’s stock worth $1,086,000 after purchasing an additional 141 shares during the period. Clark Capital Management Group Inc. boosted its stake in Mastercard by 42.8% in the 2nd quarter. Clark Capital Management Group Inc. now owns 2,425 shares of the credit services provider’s stock worth $641,000 after purchasing an additional 727 shares during the period. Finally, Capital Investment Services of America Inc. boosted its stake in Mastercard by 4.2% in the 2nd quarter. Capital Investment Services of America Inc. now owns 1,250 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 50 shares during the period. 74.32% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Institutional Investors

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