Mastercard Incorporated (NYSE:MA) Price Target Raised to $144.00 at Loop Capital
Mastercard Incorporated (NYSE:MA) had its price target increased by Loop Capital from $132.00 to $144.00 in a research note released on Friday morning, The Fly reports. Loop Capital currently has a positive rating on the credit services provider’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently issued reports on the company. Jefferies Group LLC restated a buy rating and set a $147.00 target price (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. increased their target price on Mastercard and gave the stock an outperform rating in a research report on Tuesday, July 18th. BidaskClub upgraded Mastercard from a hold rating to a buy rating in a research report on Wednesday, July 12th. Deutsche Bank AG reiterated a buy rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Finally, Credit Suisse Group reiterated a buy rating and issued a $125.00 price objective on shares of Mastercard in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Mastercard has a consensus rating of Buy and a consensus price target of $128.20.
Shares of Mastercard (NYSE:MA) traded up 0.85% during trading on Friday, hitting $128.89. The stock had a trading volume of 1,088,964 shares. The firm’s 50 day moving average is $124.74 and its 200 day moving average is $116.33. The company has a market cap of $137.25 billion, a PE ratio of 31.98 and a beta of 1.17. Mastercard has a 1-year low of $94.41 and a 1-year high of $132.20.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. Equities research analysts anticipate that Mastercard will post $4.35 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
In related news, CEO Ajay Banga sold 161,742 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total value of $18,967,484.34. Following the sale, the chief executive officer now directly owns 333,495 shares of the company’s stock, valued at $39,108,958.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold 629,038 shares of company stock worth $79,003,630 over the last ninety days. Insiders own 0.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Pennsylvania Trust Co boosted its stake in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Mastercard by 467.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,671 shares of the credit services provider’s stock valued at $634,000 after buying an additional 4,671 shares during the last quarter. Adviser Investments LLC acquired a new stake in Mastercard during the first quarter valued at about $727,000. Finally, Linscomb & Williams Inc. boosted its stake in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the last quarter. 75.68% of the stock is currently owned by institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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