Susquehanna Increases Mastercard (NYSE:MA) Price Target to $540.00

Mastercard (NYSE:MA) had its price target upped by Susquehanna from $535.00 to $540.00 in a research note issued to investors on Thursday, Benzinga reports. Susquehanna currently has a positive rating on the credit services provider’s stock.

A number of other equities analysts have also recently weighed in on MA. JPMorgan Chase & Co. cut their price target on Mastercard from $510.00 to $500.00 and set an overweight rating for the company in a report on Thursday, July 18th. Robert W. Baird upped their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an outperform rating in a research note on Thursday, April 18th. BNP Paribas raised Mastercard to a strong-buy rating in a research report on Thursday, July 25th. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They issued a buy rating and a $545.00 price objective on the stock. Finally, Mizuho dropped their price target on Mastercard from $480.00 to $478.00 and set a buy rating on the stock in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $507.27.

Mastercard Price Performance

Shares of NYSE:MA traded down $15.30 during trading on Thursday, reaching $446.72. The stock had a trading volume of 1,887,236 shares, compared to its average volume of 2,505,851. The business has a fifty day moving average price of $446.48 and a 200-day moving average price of $457.03. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market cap of $415.28 billion, a PE ratio of 35.87, a PEG ratio of 1.82 and a beta of 1.09. Mastercard has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given 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 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares in the company, valued at $6,782,397.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,314,928 shares of company stock valued at $1,044,421,131. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MA. Westend Capital Management LLC bought a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. VitalStone Financial LLC grew its holdings in 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 in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Mastercard during the fourth quarter worth about $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter valued at about $28,000. Institutional investors and hedge funds 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.