The Goldman Sachs Group Initiates Coverage on Mastercard (NYSE:MA)

The Goldman Sachs Group initiated coverage on shares of Mastercard (NYSE:MAGet Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the credit services provider’s stock.

MA has been the topic of a number of other research reports. Raymond James cut their price target on shares of Mastercard from $453.00 to $447.00 and set an outperform rating on the stock in a report on Friday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mastercard from $420.00 to $440.00 in a report on Friday, April 29th. Barclays cut their price target on shares of Mastercard from $430.00 to $420.00 and set an overweight rating on the stock in a report on Monday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $400.00 to $430.00 in a report on Friday, April 29th. Finally, Bank of America dropped their price objective on shares of Mastercard from $416.00 to $402.00 and set a buy rating on the stock in a research note on Monday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $420.76.

MA stock opened at $338.86 on Tuesday. Mastercard has a 12 month low of $305.61 and a 12 month high of $399.92. The firm has a market cap of $329.59 billion, a PE ratio of 35.26, a P/E/G ratio of 1.57 and a beta of 1.00. The firm has a 50 day simple moving average of $349.66 and a 200 day simple moving average of $352.90. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34.

Mastercard (NYSE:MAGet Rating) last released its earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.17 by $0.59. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard will post 10.49 earnings per share for the current year.

In other Mastercard news, insider Craig Vosburg sold 1,561 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total value of $569,765.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 7,000 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $367.68, for a total transaction of $2,573,760.00. Following the completion of the sale, the insider now owns 10,439 shares of the company’s stock, valued at approximately $3,838,211.52. The disclosure for this sale can be found here. Insiders have sold a total of 327,543 shares of company stock valued at $108,482,025 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Worldquant Millennium Advisors LLC boosted its stake in shares of Mastercard by 735.8% in the 1st quarter. Worldquant Millennium Advisors LLC now owns 17,385 shares of the credit services provider’s stock valued at $6,213,000 after purchasing an additional 15,305 shares during the last quarter. Willis Investment Counsel boosted its stake in shares of Mastercard by 4.0% in the 1st quarter. Willis Investment Counsel now owns 20,903 shares of the credit services provider’s stock valued at $7,470,000 after purchasing an additional 813 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Mastercard by 97.4% in the 1st quarter. Continuum Advisory LLC now owns 5,595 shares of the credit services provider’s stock valued at $2,033,000 after purchasing an additional 2,760 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Mastercard by 2.6% in the 1st quarter. Linscomb & Williams Inc. now owns 17,834 shares of the credit services provider’s stock valued at $6,374,000 after purchasing an additional 455 shares during the last quarter. Finally, Roundview Capital LLC boosted its stake in shares of Mastercard by 0.7% in the 1st quarter. Roundview Capital LLC now owns 29,769 shares of the credit services provider’s stock valued at $10,639,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

About Mastercard (Get Rating)

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 other payment-related products and services.

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