Mastercard (NYSE:MA) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard (NYSE:MA - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "buy" rating on the credit services provider's stock.

Other research analysts have also recently issued reports about the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Macquarie dropped their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Trading Down 0.8%

NYSE:MA traded down $4.22 on Thursday, reaching $551.30. The company's stock had a trading volume of 109,828 shares, compared to its average volume of 2,658,443. Mastercard has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $502.62 billion, a PE ratio of 38.67, a PEG ratio of 2.39 and a beta of 1.02. The business's 50-day moving average price is $567.85 and its two-hundred day moving average price is $548.05.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Mastercard will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock valued at $20,351,084 over the last quarter. 0.09% of the stock is currently owned by insiders.

Institutional Trading of Mastercard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whalerock Point Partners LLC increased its holdings in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC boosted its stake in shares of Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its stake in shares of Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after buying an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in shares of Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the last quarter. 97.28% of the stock is 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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