Mastercard (NYSE:MA) Price Target Raised to $532.00 at Mizuho

Mastercard (NYSE:MA) had its price objective upped by Mizuho from $496.00 to $532.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the credit services provider’s stock.

Several other brokerages have also recently issued reports on MA. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp upped their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday. Susquehanna lifted their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday. Citigroup upped their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Price Performance

MA stock opened at $505.58 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market capitalization of $467.08 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.10. The firm has a 50 day moving average price of $496.51 and a 200-day moving average price of $467.30. Mastercard has a 52-week low of $384.20 and a 52-week high of $527.90.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm 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 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Mastercard will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mastercard

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Swedbank AB bought a new stake in Mastercard during the first quarter worth approximately $660,652,000. PineStone Asset Management Inc. raised its position in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at approximately $259,071,000. Finally, Capital World Investors increased its position in shares of Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

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.