Mastercard Incorporated (NYSE:MA) had its price objective hoisted by research analysts at Citigroup Inc. from $157.00 to $167.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the credit services provider’s stock. Citigroup Inc.’s target price would suggest a potential upside of 15.19% from the company’s current price.

MA has been the topic of several other research reports. Wedbush reissued a “buy” rating and set a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays PLC upped their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Instinet reissued a “buy” rating and set a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $148.54.

Mastercard (NYSE MA) traded up 0.44% on Wednesday, reaching $145.62. 2,388,115 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $141.42 and a 200-day moving average of $127.42. The company has a market cap of $155.07 billion, a P/E ratio of 36.13 and a beta of 1.18. Mastercard has a 12-month low of $99.51 and a 12-month high of $148.45.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts expect that Mastercard will post $4.44 EPS for the current fiscal year.

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In related news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $129.42, for a total transaction of $11,339,521.56. Following the completion of the sale, the insider now directly owns 112,473,827 shares of the company’s stock, valued at approximately $14,556,362,690.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 641,820 shares of company stock valued at $83,385,957. Company insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after acquiring an additional 1,490,267 shares in the last quarter. State Street Corp grew its holdings in Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after acquiring an additional 140,515 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after acquiring an additional 14,962,583 shares in the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after acquiring an additional 1,729,179 shares in the last quarter. Finally, Capital World Investors grew its holdings in Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after acquiring an additional 289,488 shares in the last quarter. 76.01% of the stock is owned by institutional investors and hedge funds.

About Mastercard

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.

Analyst Recommendations for Mastercard (NYSE:MA)

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