Mastercard (NYSE:MA – Free Report) had its price objective hoisted by Cantor Fitzgerald from $650.00 to $695.00 in a report published on Monday morning, Marketbeat Ratings reports. The firm currently has an overweight rating on the credit services provider’s stock.
MA has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted their price target on Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Citigroup cut their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Raymond James Financial restated an “outperform” rating and issued a $632.00 target price on shares of Mastercard in a report on Friday, July 31st. Morgan Stanley raised their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, KeyCorp lifted their price target on shares of Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $661.93.
Read Our Latest Analysis on MA
Mastercard Trading Down 0.2%
Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $4.15 EPS. On average, equities research analysts expect that Mastercard will post 19.78 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is presently 19.14%.
Insider Activity
In other Mastercard news, CEO Michael Miebach sold 16,628 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $567.68, for a total value of $9,439,383.04. Following the sale, the chief executive officer owned 115,921 shares in the company, valued at approximately $65,806,033.28. This trade represents a 12.54% 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. This trade represents a 22.71% 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 have sold a total of 44,541 shares of company stock worth $25,214,526 in the last quarter. Company insiders own 0.09% of the company’s stock.
Institutional Trading of Mastercard
Several hedge funds have recently added to or reduced their stakes in MA. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares in the last quarter. Betterment LLC grew its position in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Mastercard during the 2nd quarter valued at about $431,000. Institutional investors own 97.28% of the company’s stock.
More Mastercard News
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Stablecoin expansion strengthens Mastercard’s growth strategy: Mastercard completed its acquisition of BVNK, valued at up to $1.8 billion, and partnered with Borderless.xyz to explore trusted cross-border stablecoin payments. The moves could help Mastercard connect traditional financial institutions with digital-asset infrastructure. Mastercard completes BVNK acquisition
- Positive Sentiment: Mastercard will help validate Circle’s Arc blockchain: Mastercard is among the traditional-finance companies selected as a founding validator for Circle’s Arc institutional blockchain, scheduled to launch September 16. The role supports Mastercard’s positioning in blockchain-based settlement and tokenized financial markets. Circle Arc founding validators
- Positive Sentiment: Fiserv partnership broadens merchant-service opportunities: Mastercard’s expanded global relationship with Fiserv will integrate Mastercard’s services into Fiserv’s Commerce Hub, giving enterprise merchants a single connection across online, mobile and in-store channels. This may support transaction growth and higher-margin value-added services. Fiserv and Mastercard partnership
- Positive Sentiment: Analyst optimism remains supportive: Cantor Fitzgerald reportedly raised its price target to $695 while maintaining an overweight rating. Mastercard’s latest quarterly results also exceeded expectations, with revenue up 14.1% year over year and EPS above consensus. Mastercard analyst outlook
- Neutral Sentiment: New corporate-card offerings with AFS in the UAE and Egypt, along with expanded premium travel benefits in Asia, could increase regional card usage, although the immediate earnings effect is likely limited. Mastercard corporate cards in UAE and Egypt
- Negative Sentiment: CEO Michael Miebach and another senior insider disclosed sizable stock sales. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing the bearish signal, but the sales may nevertheless weigh on sentiment. Mastercard CEO insider sale filing
- Negative Sentiment: Industry commentary highlights rising technology costs and pressure on consumer spending, which could constrain payment-sector margins despite continued cross-border transaction growth. Financial transaction stocks and rising technology costs
Mastercard Company Profile
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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