Morgan Stanley Increases Mastercard (NYSE:MA) Price Target to $544.00

Mastercard (NYSE:MA) had its price objective raised by Morgan Stanley from $540.00 to $544.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

MA has been the subject of a number of other reports. Susquehanna increased their price target on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Finally, Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Trading Down 0.6 %

Mastercard stock opened at $517.88 on Monday. Mastercard has a one year low of $386.74 and a one year high of $527.90. The company’s fifty day moving average price is $498.11 and its two-hundred day moving average price is $468.02. The company has a market capitalization of $478.44 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 EPS. On average, analysts forecast that Mastercard will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed 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 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Institutional investors and hedge funds have recently bought and sold shares of the stock. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Mastercard during the third quarter worth $202,000. Princeton Capital Management LLC raised its holdings in shares of Mastercard by 17.7% in the 3rd quarter. Princeton Capital Management LLC now owns 10,459 shares of the credit services provider’s stock valued at $5,164,000 after purchasing an additional 1,572 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Mastercard by 22.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 18,628 shares of the credit services provider’s stock worth $9,199,000 after buying an additional 3,475 shares during the last quarter. BIP Wealth LLC lifted its position in shares of Mastercard by 29.3% in the third quarter. BIP Wealth LLC now owns 985 shares of the credit services provider’s stock valued at $486,000 after buying an additional 223 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of Mastercard by 2.0% during the 3rd quarter. Prospera Financial Services Inc now owns 10,091 shares of the credit services provider’s stock worth $4,990,000 after acquiring an additional 196 shares during the period. 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.