Mastercard (MA) Price Target Increased to $222.00 by Analysts at Buckingham Research

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Mastercard (NYSE:MA) had its price objective increased by Buckingham Research from $194.00 to $222.00 in a research report released on Tuesday morning. They currently have a buy rating on the credit services provider’s stock.

Several other equities research analysts have also recently commented on MA. Zacks Investment Research upgraded shares of Mastercard from a hold rating to a buy rating and set a $193.00 price target on the stock in a research report on Thursday, April 5th. Vetr upgraded shares of Mastercard from a hold rating to a buy rating and set a $182.50 price target on the stock in a research report on Thursday, March 1st. Sanford C. Bernstein initiated coverage on shares of Mastercard in a research report on Tuesday, March 27th. They issued an outperform rating and a $207.00 price target on the stock. Wells Fargo & Co boosted their price target on shares of Mastercard from $195.00 to $205.00 and gave the stock an outperform rating in a research report on Thursday, March 29th. Finally, Oppenheimer boosted their price target on shares of Mastercard from $182.00 to $187.00 and gave the stock an outperform rating in a research report on Thursday, April 19th. Three analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $188.76.

Shares of Mastercard opened at $196.46 on Tuesday, according to MarketBeat Ratings. Mastercard has a fifty-two week low of $120.65 and a fifty-two week high of $204.00. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.13. The stock has a market cap of $210.34 billion, a P/E ratio of 42.90, a P/E/G ratio of 1.68 and a beta of 1.18.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue was up 30.9% on a year-over-year basis. analysts predict that Mastercard will post 6.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 9th. Shareholders of record on Monday, July 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 6th. This represents a $1.00 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

In other Mastercard news, CEO Ajay Banga sold 239,020 shares of Mastercard stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the transaction, the chief executive officer now owns 355,411 shares of the company’s stock, valued at approximately $66,095,783.67. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $173.22, for a total value of $866,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,631 shares of company stock worth $50,004,432. Company insiders own 0.32% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Mastercard by 1.9% in the 1st quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock valued at $11,311,482,000 after buying an additional 1,232,199 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mastercard by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock valued at $1,651,362,000 after buying an additional 396,897 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mastercard by 3.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock valued at $1,894,372,000 after buying an additional 335,213 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Mastercard by 9.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock valued at $1,560,860,000 after buying an additional 750,224 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in shares of Mastercard by 4.9% in the 4th quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock valued at $1,269,252,000 after buying an additional 388,146 shares in the last quarter. 74.69% of the stock is currently owned by 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.

Analyst Recommendations for Mastercard (NYSE:MA)

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