Mastercard (NYSE:MA) Given New $291.00 Price Target at Morgan Stanley

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Mastercard (NYSE:MA) had its price objective hoisted by Morgan Stanley from $269.00 to $291.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the credit services provider’s stock.

MA has been the topic of several other research reports. UBS Group lifted their price target on Tableau Software to $134.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Citigroup upped their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Bank of America upped their price target on Visa from $177.00 to $192.00 and gave the stock a buy rating in a research note on Monday, June 17th. KeyCorp restated a buy rating and set a $158.00 price target on shares of Tableau Software in a research note on Friday, May 3rd. Finally, BMO Capital Markets restated a hold rating and set a $45.00 price target on shares of SAP in a research note on Wednesday, May 1st. Two equities 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 company currently has a consensus rating of Buy and an average price target of $258.96.

MA opened at $279.54 on Thursday. Mastercard has a one year low of $171.89 and a one year high of $279.74. The stock has a market cap of $285.56 billion, a P/E ratio of 43.07, a P/E/G ratio of 2.21 and a beta of 1.08. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $262.25.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.86 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts forecast that Mastercard will post 7.6 EPS for the current year.

The firm also recently disclosed 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 is Monday, July 8th. Mastercard’s dividend payout ratio is presently 20.34%.

In other Mastercard news, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the sale, the chief executive officer now owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders have sold 366,221 shares of company stock worth $92,047,063 in the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of MA. Valley National Advisers Inc. lifted its position in Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Mastercard during the fourth quarter worth about $30,000. Ellis Investment Partners LLC purchased a new position in Mastercard during the first quarter worth about $30,000. Evolution Wealth Advisors LLC purchased a new position in Mastercard during the second quarter worth about $31,000. Finally, Motco lifted its position in Mastercard by 40.9% during the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after buying an additional 54 shares during the period. 74.32% of the stock is currently owned by 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.

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