Goldman Sachs Group upgraded shares of Mastercard (NYSE:MA) from a buy rating to a conviction-buy rating in a research note released on Monday, September 17th, The Fly reports.
Several other analysts also recently issued reports on MA. Cantor Fitzgerald restated an overweight rating and issued a $237.00 price objective on shares of Mastercard in a research report on Friday, July 27th. Sandler O’Neill restated a hold rating and issued a $209.00 price objective on shares of Mastercard in a research report on Friday, July 27th. Buckingham Research increased their target price on Mastercard from $194.00 to $222.00 and gave the stock a buy rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. increased their target price on Mastercard from $202.00 to $210.00 and gave the stock an overweight rating in a research report on Friday, July 27th. Finally, KeyCorp reiterated an overweight rating and set a $230.00 target price (up from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $215.12.
Shares of Mastercard stock traded up $9.71 during trading hours on Monday, hitting $204.22. 6,154,453 shares of the company were exchanged, compared to its average volume of 3,663,991. Mastercard has a 1 year low of $140.61 and a 1 year high of $225.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $231.17 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.
In other news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Mastercard by 0.7% in the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after acquiring an additional 452,200 shares in the last quarter. FMR LLC grew its position in shares of Mastercard by 6.0% in the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after acquiring an additional 2,229,947 shares in the last quarter. Jennison Associates LLC grew its position in shares of Mastercard by 4.7% in the 2nd quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after acquiring an additional 646,937 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Mastercard by 3.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock worth $1,894,372,000 after acquiring an additional 335,213 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Mastercard by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock worth $1,208,709,000 after acquiring an additional 269,298 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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