Mastercard (NYSE:MA) Price Target Raised to $565.00

Mastercard (NYSE:MA) had its target price increased by Macquarie from $505.00 to $565.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the credit services provider’s stock.

A number of other analysts have also recently issued reports on MA. Robert W. Baird lifted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Finally, TD Cowen raised their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $537.92.

Mastercard Price Performance

Shares of MA opened at $508.08 on Friday. The business’s 50-day moving average is $495.77 and its 200-day moving average is $466.94. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $469.38 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.21 and a beta of 1.10. Mastercard has a fifty-two week low of $378.48 and a fifty-two week high of $527.90.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.39 EPS. Equities research analysts expect that Mastercard will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock valued at $153,495,958 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. acquired a new position in Mastercard during the first quarter worth $608,000. SteelPeak Wealth LLC lifted its holdings in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Sarasin & Partners LLP boosted its position in Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Mastercard during the first quarter worth about $2,938,000. Finally, OMC Financial Services LTD acquired a new stake in shares of Mastercard during the first quarter worth approximately $17,854,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

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.