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

by · The Cerbat Gem

Mastercard (NYSE:MA – Free Report) had its price objective hoisted by Macquarie from $505.00 to $565.00 in a report released on Friday, Benzinga reports. The firm currently has an outperform rating on the credit services provider’s stock.

A number of other research analysts have also recently commented on MA. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America boosted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Piper Sandler restated an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a report on Friday. KeyCorp increased their target price on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $537.92.

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Mastercard Stock Up 1.7 %

MA stock traded up $8.49 on Friday, reaching $508.08. 3,753,713 shares of the company traded hands, compared to its average volume of 2,450,197. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day simple moving average of $495.77 and a 200-day simple moving average of $466.84. Mastercard has a one year low of $378.48 and a one year high of $527.90. The company has a market cap of $469.38 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the firm posted $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that Mastercard will post 14.33 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s payout ratio is 20.18%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Mastercard

Institutional investors have recently bought and sold shares of the business. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the third quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter worth approximately $35,000. Finally, First Personal Financial Services purchased a new position in Mastercard in the 3rd quarter valued at $39,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Company Profile

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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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