Mastercard (NYSE:MA – Free Report) had its price objective upped by Truist Financial from $674.00 to $735.00 in a research report released on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the credit services provider’s stock.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets reissued an “outperform” rating and set a $665.00 price objective on shares of Mastercard in a report on Thursday, October 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $701.00 price objective (up from $674.00) on shares of Mastercard in a research report on Thursday, July 30th. Morgan Stanley upped their price target on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Daiwa Securities Group boosted their target price on shares of Mastercard from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price on shares of Mastercard from $696.00 to $742.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $704.00.
Check Out Our Latest Report on Mastercard
Mastercard Price Performance
Shares of MA opened at $655.61 on Thursday. The company has a market capitalization of $574.32 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.78. Mastercard has a twelve month low of $464.52 and a twelve month high of $681.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.29. The firm has a 50 day moving average of $591.91 and a 200 day moving average of $538.51.
Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, October 29th. The credit services provider reported $5.31 EPS for the quarter, beating the consensus estimate of $5.17 by $0.14. Mastercard had a return on equity of 260.86% and a net margin of 46.73%. The business had revenue of $9.81 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period last year, the business posted $4.38 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard will post 19.99 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard’s payout ratio is currently 18.20%.
Insiders Place Their Bets
In other Mastercard news, Director Julius Genachowski sold 370 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $590.21, for a total value of $218,377.70. Following the completion of the sale, the director owned 8,237 shares in the company, valued at $4,861,559.77. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 3,266 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $584.00, for a total value of $1,907,344.00. Following the completion of the transaction, the insider directly owned 36,650 shares in the company, valued at $21,403,600. This trade represents a 8.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,403 shares of company stock worth $15,428,736 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Fundsmith LLP acquired a new stake in shares of Mastercard during the second quarter worth $639,458,000. Corient Private Wealth LP increased its position in shares of Mastercard by 147.2% in the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock valued at $863,969,000 after acquiring an additional 1,001,671 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Mastercard by 295.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock valued at $441,702,000 after acquiring an additional 642,724 shares during the period. Sanders Capital LLC increased its position in shares of Mastercard by 26.2% in the 3rd quarter. Sanders Capital LLC now owns 2,941,951 shares of the credit services provider’s stock valued at $1,622,398,000 after acquiring an additional 611,592 shares during the period. Finally, SEB Asset Management AB purchased a new position in Mastercard in the 1st quarter worth $293,574,000. Institutional investors own 97.28% of the company’s stock.
Mastercard News Summary
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Truist raised its price target to $735 and maintained a Buy rating. Other firms have set targets as high as $765 following Q3, reflecting optimism about Mastercard’s outlook. Truist target increase Analyst price targets after Q3
- Positive Sentiment: Fundamentals remain strong: Mastercard reported Q3 revenue of $9.81 billion, up 14% year over year, and EPS of $5.31, beating analyst estimates for both measures. Mastercard earnings and company information
- Neutral Sentiment: Mastercard is participating in firmly’s $15 million funding round for a platform that helps merchants connect with AI agents and other digital commerce channels. The investment aligns with its agentic-commerce strategy, but the near-term financial contribution is uncertain. firmly funding and agentic commerce
- Negative Sentiment: Valuation may be weighing on the stock after its roughly 19% monthly rise to a 52-week high. A recent analysis says much of the rally came from investors assigning a higher earnings multiple, while Wall Street estimates barely changed after the report—raising the risk that expectations have run ahead of forecast growth. Valuation and earnings estimates analysis
- Negative Sentiment: CFO Ling Hai sold 4,317 shares in a pre-arranged Rule 10b5-1 transaction. Such planned sales are less indicative of a new view on the business, but insider selling can add to near-term caution. CFO share sale details
Mastercard Company Profile
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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