Mastercard (NYSE:MA) Price Target Increased to $305.00 by Analysts at Wells Fargo & Co

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Mastercard (NYSE:MA) had its price objective boosted by Wells Fargo & Co from $285.00 to $305.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an outperform rating on the credit services provider’s stock.

A number of other research firms have also recently commented on MA. Deutsche Bank initiated coverage on Intuitive Surgical in a research report on Monday, April 1st. They set a buy rating and a $630.00 target price on the stock. Oppenheimer set a $119.00 target price on American Express and gave the stock a buy rating in a research report on Wednesday, April 17th. Zacks Investment Research cut HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. KeyCorp reiterated a buy rating and set a $158.00 target price on shares of Tableau Software in a research report on Friday, May 3rd. Finally, Barclays lifted their target price on WEX from $222.00 to $238.00 and gave the stock an overweight rating in a research report on Monday, May 6th. 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’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $258.96.

MA opened at $279.54 on Wednesday. The business’s 50-day moving average price is $262.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. Mastercard has a one year low of $171.89 and a one year high of $279.74. The firm has a market capitalization of $285.56 billion, a PE ratio of 43.07, a P/E/G ratio of 2.21 and a beta of 1.07.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In related news, insider Michael Miebach sold 2,711 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total value of $664,195.00. Following the transaction, the insider now owns 20,492 shares in the company, valued at approximately $5,020,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilberto Caldart sold 46,772 shares of Mastercard stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $241.06, for a total value of $11,274,858.32. Following the completion of the sale, the insider now directly owns 22,280 shares in the company, valued at approximately $5,370,816.80. The disclosure for this sale can be found here. Insiders sold a total of 366,221 shares of company stock worth $92,047,063 in the last 90 days. 0.32% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MA. Norges Bank purchased a new stake in Mastercard in the 4th quarter valued at approximately $1,701,899,000. Millennium Management LLC boosted its holdings in Mastercard by 673.1% in the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after purchasing an additional 1,219,620 shares in the last quarter. FMR LLC boosted its holdings in Mastercard by 1.8% in the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after purchasing an additional 720,407 shares in the last quarter. Polen Capital Management LLC boosted its holdings in Mastercard by 38.9% in the 4th quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock valued at $474,105,000 after purchasing an additional 704,133 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Mastercard by 144.3% in the 1st quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after purchasing an additional 648,434 shares in the last quarter. 74.32% 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.

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