Loop Capital Increases Mastercard Incorporated (MA) Price Target to $167.00

Mastercard Incorporated (NYSE:MA) had its target price upped by Loop Capital to $167.00 in a research report sent to investors on Wednesday, November 1st, The Fly reports. They currently have a buy rating on the credit services provider’s stock. The analysts noted that the move was a valuation call.

Several other research analysts have also recently commented on the company. Cantor Fitzgerald reissued a buy rating and set a $165.00 target price on shares of Mastercard in a research note on Tuesday, October 31st. Sanford C. Bernstein reaffirmed a buy rating and set a $166.00 price objective (up from $145.00) on shares of Mastercard in a research report on Monday, October 30th. They noted that the move was a valuation call. Barclays PLC upped their price objective on Mastercard from $148.00 to $158.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed a buy rating and set a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. Finally, Citigroup Inc. upped their price objective on Mastercard from $157.00 to $167.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $157.68.

Mastercard (NYSE:MA) opened at $149.56 on Wednesday. Mastercard has a one year low of $99.51 and a one year high of $152.00. The company has a market capitalization of $158,330.00, a price-to-earnings ratio of 34.58, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. analysts anticipate that Mastercard will post 4.54 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio is currently 20.51%.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $3,582,984. Insiders own 0.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. American Beacon Advisors Inc. acquired a new stake in Mastercard during the 1st quarter valued at $100,000. Lipe & Dalton acquired a new stake in Mastercard during the 1st quarter valued at $101,000. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the 3rd quarter valued at $102,000. Chicago Partners Investment Group LLC grew its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Mastercard Company Profile

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.

The Fly

Analyst Recommendations for Mastercard (NYSE:MA)

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