Mastercard (NYSE:MA) Price Target Increased to $526.00 by Analysts at Royal Bank of Canada

Mastercard (NYSE:MA) had its price objective raised by Royal Bank of Canada from $500.00 to $526.00 in a report published on Thursday, Benzinga reports. They currently have an outperform rating on the credit services provider’s stock.

Several other research analysts also recently commented on MA. Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an overweight rating and a $531.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Mastercard from $510.00 to $500.00 and set an overweight rating for the company in a report on Thursday, July 18th. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They issued a buy rating and a $545.00 price objective for the company. BNP Paribas upgraded Mastercard to a strong-buy rating in a report on Thursday, July 25th. Finally, Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and set a buy rating for the company in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $507.27.

Mastercard Stock Performance

Shares of MA stock traded down $20.02 during trading on Thursday, reaching $442.00. The company had a trading volume of 4,461,820 shares, compared to its average volume of 2,523,130. The firm’s 50 day simple moving average is $446.48 and its two-hundred day simple moving average is $457.03. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard has a one year low of $359.77 and a one year high of $490.00. The company has a market capitalization of $410.89 billion, a PE ratio of 35.87, a PEG ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the sale, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,314,928 shares of company stock valued at $1,044,421,131. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new stake in Mastercard during the fourth quarter worth approximately $26,000. VitalStone Financial LLC lifted its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Westend Capital Management LLC purchased a new stake in Mastercard during the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the 1st quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at about $28,000. 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.