Mastercard (NYSE:MA) Price Target Raised to $750.00

Mastercard (NYSE:MA – Free Report) had its price objective increased by UBS Group from $670.00 to $750.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the credit services provider’s stock.

A number of other research firms also recently commented on MA. Raymond James Financial reissued an “outperform” rating and set a $632.00 price objective (up from $609.00) on shares of Mastercard in a report on Friday, July 31st. Piper Sandler raised their target price on shares of Mastercard from $597.00 to $710.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Clear Str upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Morgan Stanley boosted their target price on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Evercore raised their target price on shares of Mastercard from $550.00 to $620.00 in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $702.91.

View Our Latest Stock Report on Mastercard

Mastercard Stock Up 0.1%

Mastercard stock opened at $638.50 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $559.33 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.81 and a beta of 0.78. The stock has a 50 day moving average of $586.79 and a two-hundred day moving average of $536.21. Mastercard has a twelve month low of $464.52 and a twelve month high of $644.24.

Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, topping 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 business 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 business posted $4.38 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, research analysts expect that Mastercard will post 19.96 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, October 9th. Mastercard’s payout ratio is presently 18.20%.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 370 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $590.21, for a total transaction of $218,377.70. Following the completion of the transaction, the director owned 8,237 shares in the company, valued at $4,861,559.77. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ling Hai sold 4,317 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $620.00, for a total transaction of $2,676,540.00. Following the transaction, the chief financial officer owned 35,750 shares in the company, valued at approximately $22,165,000. This trade represents a 10.77% 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. In the last quarter, insiders have sold 39,420 shares of company stock valued at $22,882,963. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Guardian Wealth Management Inc. increased its holdings in Mastercard by 1.4% in the third quarter. Guardian Wealth Management Inc. now owns 4,651 shares of the credit services provider’s stock valued at $2,565,000 after purchasing an additional 64 shares during the period. Covestor Ltd grew its holdings in shares of Mastercard by 3.1% during the 3rd quarter. Covestor Ltd now owns 978 shares of the credit services provider’s stock valued at $539,000 after purchasing an additional 29 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Mastercard by 1.9% during the third quarter. Richardson Financial Services Inc. now owns 1,164 shares of the credit services provider’s stock worth $642,000 after purchasing an additional 22 shares during the period. Ascent Group LLC grew its holdings in shares of Mastercard by 9.8% during the 3rd quarter. Ascent Group LLC now owns 28,093 shares of the credit services provider’s stock worth $15,493,000 after acquiring an additional 2,499 shares during the period. Finally, Caldwell Trust Co increased its position in Mastercard by 0.7% during the 3rd quarter. Caldwell Trust Co now owns 24,108 shares of the credit services provider’s stock valued at $13,295,000 after buying an additional 160 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Mastercard (NYSE:MA)

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