Robert W. Baird Increases Mastercard Incorporated (NYSE:MA) Price Target to $170.00

Mastercard Incorporated (NYSE:MA) had its price target boosted by stock analysts at Robert W. Baird from $150.00 to $170.00 in a note issued to investors on Monday, October 16th. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 15.97% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Group LLC restated a “buy” rating and set a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG restated 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. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $148.54.



Shares of Mastercard (NYSE MA) opened at 146.59 on Monday. Mastercard has a 1-year low of $99.51 and a 1-year high of $148.45. The company’s 50-day moving average price is $142.60 and its 200 day moving average price is $128.49. The stock has a market cap of $156.10 billion, a PE ratio of 36.37 and a beta of 1.18.

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

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In related news, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $127.97, for a total value of $3,737,491.82. Following the sale, the insider now directly owns 112,386,209 shares in the company, valued at approximately $14,382,063,165.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,172 shares of company stock worth $53,121,532. 0.30% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Mastercard during the 1st quarter valued at $100,000. Lipe & Dalton acquired a new position in shares of Mastercard during the 1st quarter valued at $101,000. Chicago Partners Investment Group LLC increased its position in shares of 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 purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. increased its position in shares of 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 purchasing an additional 546 shares during the period. Finally, Proficio Capital Partners LLC increased its position in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the period. Institutional investors own 75.98% 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.

Analyst Recommendations for Mastercard (NYSE:MA)

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