Mastercard (NYSE:MA – Get Free Report) had its price target raised by analysts at UBS Group from $670.00 to $750.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. UBS Group‘s price objective would indicate a potential upside of 17.46% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Clear Str raised Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Wells Fargo & Company lifted their price target on shares of Mastercard from $668.00 to $731.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $720.00 to $755.00 and gave the company an “overweight” rating in a research note on Friday. KeyCorp boosted their target price on shares of Mastercard from $722.00 to $735.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Daiwa Securities Group upped their price target on shares of Mastercard from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.91.
View Our Latest Stock Analysis on Mastercard
Mastercard Stock Performance
Shares of NYSE MA opened at $638.50 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $559.33 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 1.81 and a beta of 0.78. Mastercard has a one year low of $464.52 and a one year high of $644.24. The stock’s fifty day moving average price is $586.79 and its two-hundred day moving average price is $536.21.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The firm had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the prior year, the company posted $4.38 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts forecast that Mastercard will post 19.96 EPS for the current year.
Insider Transactions at Mastercard
In other news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 39,420 shares of company stock worth $22,882,963. 0.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Atlatl Advisers LLC increased its stake in shares of Mastercard by 2.8% in the third quarter. Atlatl Advisers LLC now owns 586 shares of the credit services provider’s stock valued at $323,000 after buying an additional 16 shares during the period. Foster Group Inc. lifted its position in shares of Mastercard by 0.9% in the 3rd quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock worth $1,170,000 after purchasing an additional 18 shares during the period. Shakespeare Wealth Management LLC boosted its stake in shares of Mastercard by 3.8% in the 3rd quarter. Shakespeare Wealth Management LLC now owns 492 shares of the credit services provider’s stock valued at $271,000 after purchasing an additional 18 shares during the last quarter. Bell Investment Advisors Inc increased its position in shares of Mastercard by 3.6% during the third quarter. Bell Investment Advisors Inc now owns 513 shares of the credit services provider’s stock worth $283,000 after buying an additional 18 shares during the period. Finally, Athena Wealth Management LLC raised its stake in Mastercard by 3.8% during the second quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
About Mastercard
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.
In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.
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