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

Mastercard (NYSE:MA) had its price objective hoisted by Deutsche Bank from $267.00 to $330.00 in a report issued on Thursday morning, The Fly reports. They currently have a buy rating on the credit services provider’s stock.

MA has been the topic of several other research reports. Bank of America lifted their price target on Visa from $177.00 to $192.00 and gave the stock a buy rating in a report on Monday, June 17th. Citigroup lifted their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a buy rating in a report on Wednesday, May 1st. BMO Capital Markets reiterated a hold rating and set a $45.00 price target on shares of SAP in a report on Wednesday, May 1st. Morgan Stanley lifted their price target on Visa from $175.00 to $191.00 and gave the stock an overweight rating in a report on Thursday. Finally, Wedbush lifted their price target on Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a report on Thursday, June 13th. 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. Mastercard presently has a consensus rating of Buy and a consensus price target of $258.96.

NYSE MA opened at $279.54 on Thursday. Mastercard has a 52 week low of $171.89 and a 52 week high of $279.74. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. The business’s fifty day moving average is $262.25. The stock has a market cap of $285.56 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.21 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the 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 analyst estimates of $3.86 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard will post 7.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders 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 is currently 20.34%.

In related news, insider Craig Vosburg sold 8,314 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the transaction, the insider now directly owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the transaction, the chief executive officer now directly owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,221 shares of company stock valued at $92,047,063. Corporate insiders own 0.32% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MA. Norges Bank acquired a new stake in Mastercard in the fourth quarter valued at $1,701,899,000. Millennium Management LLC grew its holdings in shares of Mastercard by 673.1% in the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock worth $264,263,000 after acquiring an additional 1,219,620 shares during the last quarter. FMR LLC grew its holdings in shares of Mastercard by 1.8% in the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after acquiring an additional 720,407 shares during the last quarter. Polen Capital Management LLC grew its holdings in shares of Mastercard by 38.9% during the fourth quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock valued at $474,105,000 after buying an additional 704,133 shares in the last quarter. Finally, Investec Asset Management LTD grew its stake in Mastercard by 144.3% in the first 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. Institutional investors and hedge funds own 74.32% of the company’s stock.

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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